As part of the World Bank Group, the International Finance Corporation (IFC) has two overarching goals: ending extreme poverty by 2030 and promoting shared prosperity. Through direct investments and advisory services, IFC provides private sector solutions that lay the foundation for sustainable and inclusive economic growth.
With its six decades of experience, its core competencies and global footprint, IFC is well-placed to catalyze much needed private investment. IFC’s new corporate strategy (IFC 3.0) is focused on creating markets, mobilizing private capital, and providing support to countries where private capital flows are inadequate to address major development needs.
Upstream is a key component of this strategy. Upstream primarily consists of pre-investment work and helps lay the foundation that enables future transactions. Together with the World Bank and the Multilateral Investment Guarantee Agency (MIGA), IFC is working on this initiative, which will include, among other activities, technical support, capacity-building for institutions and private companies, and support to clients and governments. Such work will complement our existing business and unlock more investment opportunities.