The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector in developing countries.
- Establishment: 1956
- Headquarters: Washington D.C., USA
- CEO: Makhtar Diop
- Member Countries: 185
- Borrowing Countries: more than 100
- Capital: US$ 26 billion
- Financing to private companies: US$ 23.3 billion
- Swiss Membership: 1992
- Swiss Representation: Executive Director leading a constituency consisting of eight other countries.
Switzerland and IFC
Within IFC, Switzerland is leader of the same constituency as in IBRD. This consists of the following countries: Azerbaijan, Kazakhstan, Kyrgyz Republic, Poland, Serbia, Tajikistan, Turkmenistan, and Uzbekistan.
Switzerland is one of the largest donors to IFC Advisory Services. Sharing the goal of sustainable poverty reduction, they complement each other’s products, services and skills, and work together to achieve agreed business and development results. Switzerland supports IFC’s work in the following areas among others:
- access to finance for SMEs,
- strengthening financial infrastructure and business enabling environment,
- enhancing entrepreneurs' management skills,
- supporting climate finance.
Last modification 11.03.2022