The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C., USA. It was established in 1956 as the private sector arm of the World Bank Group to advance economic development by investing in strictly for-profit and commercial projects that purport to reduce poverty and promote development.
It works in more than 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, the IFC committed a record US$ 43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.
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The International Finance Corporation (IFC) has committed up to US$10 million as an anchor investor in Highland Central Asia Fund II, a private equity fund established to expand access to long-term fi...
Read moreIraqi Prime Minister Ali Al Zaidi has cancelled a US$764 million redevelopment project for Baghdad International Airport after allegations of corruption emerged over the contract. The decision ma...
Read moreThe Ministry for Development of Communities and Territories of Ukraine, in partnership with the IFC and EBRD, presented the concession project for the ferry terminal at the Port of Chornomorsk to stra...
Read moreThe Ministry of Health (MoH) of Uzbekistan has signed an agreement to design, finance, build, equip, and provide long-term technical maintenance for a modern 800-bed multispecialty hospital in th...
Read moreThe Cambodian Ministry of Public Works and Transport (MPWT) has invited private investors to develop the Sihanoukville Logistics Complex in Sihanoukville, Preah Sihanouk Province. The Royal Gove...
Read moreUkraine’s Ministry for Communities and Territories Development has launched a concession tender for the First and Container Terminal assets at the Port of Chornomorsk in Odesa Oblast, offering a...
Read moreThe Government of Uzbekistan has issued a Request for Qualification (RFQ) for a PPP Project to establish general secondary education schools in the Andijan and Samarkand regions.
Read moreEgypt’s Civil Aviation Ministry has launched a tender for private companies to manage, operate, and develop Hurghada International Airport. Under the initiative, the government—supported...
Read moreThe Municipality of Lviv/the Lviv City Council has issued a market consultation notice for a greenfield 220-bed surgical hospital project in Ukraine.
Read moreThe Iraqi government approved a major Public-Private Partnership (PPP) deal worth USD 764 million for the development and operation of Baghdad International Airport. The long-term contract was grante...
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