International Finance Corporation

DEFINITION of 'International Finance Corporation'

The International Finance Corporation (IFC) is an organization dedicated to helping the private sector within developing countries. It provides investment and asset management services to encourage the development of private enterprise in nations that might be lacking the the necessary infrastructure or liquidity for businesses to secure financing.

BREAKING DOWN 'International Finance Corporation'

The IFC was established in 1956 as a sector of the World Bank Group focused on alleviating poverty and creating jobs through the development of private enterprise. To that end, IFC also ensures that private enterprise in developing nations have access to markets and financing. Its most recent goals include the development of sustainable agriculture, expanding small businesses' access to microfinance, infrastructure improvements, as well as climate, health, and education policies. The IFC is governed by its 184 member countries and is headquartered in Washington, D.C.