SECO Cooperation│International Finance Corporation

The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector in developing countries.

SECO-IFC Partnership Meeting, September 2022, Bern: IFC and SECO reaffirmed the long-standing SECO-IFC partnership, which is committed to innovative and effective solutions in the private sector and the sustainable development of new markets in developing countries.

IFC at a glance

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: