Ajay Banga Begins Term at the World Bank Group
The 14th president of the Group commenced his five-year term on June 2, 2023.
Ajay Banga Begins Term at the World Bank Group
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IFC Managing Director Makhtar Diop's visit to Indonesia focused on unlocking the potential of the digital economy.
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The study provides insights into the barriers women face in obtaining housing finance and what steps can be taken to overcome them.
IFC in Ukraine
As part of the broader World Bank Group’s response to the Russian invasion of Ukraine, IFC has launched a $2 billion package to support the Ukrainian private sector.
About IFC
IFC is the largest global development institution focused on the private sector in developing countries.
IFC, a member of the World Bank Group, advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and other challenges.
We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise. In doing so, we create jobs and raise living standards, especially for the poor and vulnerable. Our work supports the World Bank Group’s twin goals of ending extreme poverty and boosting shared prosperity.
DISCOVER WHO WE ARE-
62.5 Million
People Connected to the Internet
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11.3 Million
People Supplied with Power
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$226.5 Billion
in Trade-Finance Volume
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$516.9 Billion
in Impact from SME loans
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Figures estimate development impact of our client investments in 2021.
For more information, visit IFC.org/AnnualReport.
Partner With Us
A strong and engaged private sector is indispensable to ending extreme poverty and boosting shared prosperity. That’s where IFC comes in—we have more than 60 years of experience in unlocking private investment, creating markets and opportunities where they’re needed most. Since 1956, IFC has invested more than $321 billion in emerging markets and developing economies.
