IFC is a member of the World Bank Group, along with the International Bank for Reconstruction and Development (IBRD; 'AAA/Stable/A-1+' [all institutional ratings herein are foreign currency issuer credit ratings as of Nov. 2, 2005]), the International Development Association (IDA; not rated), and the Multilateral Guarantee Agency (not rated). It was established in 1956 to complement the activities of IBRD by encouraging the growth and development of the private sector in developing member countries. With 178 members as of end-June 2005 (fiscal year-end 2005)second in number only to IBRD among MDFIsIFC pursues its mandate by: Making medium- and long-term loans and hybrid investments without sovereign government guarantees; Making equity investments, both directly and through investment funds; Mobilizing funds from other...
Companies mentioned in this report are:
- International Finance Corp.
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