International Finance Corporation

• International Finance Corporation (IFC) has committed a record $2.97 billion (Rs 24,561 crore) across 30 projects in the financial year ended June 30, more than doubling its lending in the country.
• India remains IFC’s largest country portfolio and together with its partners, its projects are driving innovative financing and climate initiatives to deliver impact at scale.

ABOUT INTERNATIONAL FINANCE CORPORATION

• It is the largest global development institution focused exclusively on the private sector.
• It was established in 1956.
• HQ- Washington DC, USA
• It is a World Bank Group member.
  • Other institutions in World Bank Group are-
  • International Bank for Reconstruction and Development
  • International Development Association
  • Multilateral Investment Guarantee Agency
  • International Centre for Settlement of Investment Disputes (India is not a member).