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Jonas Haralz on IFC


This page features a chapter on the International Finance Corporation by Jonas Haralz, former World Bank Executive Director for the Nordic Countries.

Full document [pdf]
Part 1: A Child is Born
Part 2: Early Years, 1956-69
Part 3: Emphasis on Development, the 1970s
Part 4: Profitability as a Development Objective, 1981-94



Part 1: A Child is Born [pdf]
  • Ancestry
  • Traits of Character

Part 2: Early Years, 1956-69 [pdf]
  • Faltering Steps, 1956-61
  • A New Beginning, 1961-62
  • An Industrial Initiative, 1963-65
  • The IFC in the 1960s: An Overview

Part 3: Emphasis on Development, the 1970s [pdf]
  • The Transfer of the DFC Department
  • A Review of Industrial Policies
  • The Recommendations of the Pearson Commission
  • The Issue of Protection
  • Development Orientation
  • Equity Investment and Lending
  • Foreign and Domestic Partnership
  • Promotional Activities
  • The Attitude toward Publicly Owned Enterprises
  • Financial Aspects
  • A Dual Strategy
  • IFC Operations in the 1970s
  • The Reorientation: An Overview

Part 4: Profitability as a Development Objective, 1981-94 [pdf]
  • IFC in the Early 1980s
  • Market Borrowing
  • A Mid-Term Course Correction
  • Contributing to Development
  • Essentiality
  • IFC's Operations, 1985-94
  • The International Finance Corporation, 1984-1993
  • First World, Third World