1980s - EMPHASIZING INNOVATION

Decade 3
1980s — Emphasizing Innovation


We coined the phrase “emerging markets,” worked to increase capital flows, and received our first triple-A credit rating.
 

1981
IFC coins the phrase emerging markets. Watch video

1984
IFC launches the first publicly traded emerging market country fund, the NYSE-listed Korea Fund.

1985
IFC provides investment-climate reform advice to China at a critical early stage of its private sector growth.

1988
IFC creates its Corporate Finance Services group, providing financial and privatization advice to emerging market companies and governments.





1988
Amid the Latin American debt crisis, IFC helps several Mexican conglomerates reduce their corporate debt.

1989
IFC receives its first triple-A credit rating—key to a major multicurrency borrowing program that by 2016 tops $17 billion a year.

 

GLOBAL CONTEXT
 

1982: Debt crisis begins in Latin America, leading to a ‘lost decade’
1984: Privatization era begins with Thatcher government’s sale of British Telecom
1989: Fall of Berlin Wall