International Finance Corporation (IFC) |Detailed Explanation|

The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services
to encourage private-sector development in less developed countries.
The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
It was established in 1956, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development.
Key role of IFC is:
1. Private sector financing in developing countries, with the aim of promoting economic growth and reducing poverty.
This includes providing loans, equity investments, and guarantees.
2. Advisory services to help private sector companies improve their operations and increase their social and environmental impact.
This includes providing guidance on corporate governance, sustainability, and risk management.
3. Mobilizing private capital from investors and financial institutions to support development projects in emerging markets.
This includes structuring public-private partnerships and other innovative financing mechanisms.
4. Promoting inclusive growth by supporting projects that create jobs, improve access to basic services, and promote gender equality
IFC also seeks to promote environmental sustainability, and works to reduce greenhouse gas emissions and promote clean energy.
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