IFC


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IFC

abbreviation for
(Banking & Finance) International Finance Corporation
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.IFC - a United Nations agency that invests directly in companies and guarantees loans to private investors; affiliated with the World Bank
UN agency, United Nations agency - an agency of the United Nations
References in periodicals archive ?
The first agreement will allow IFC to support Ethiopian banks as part of a Global Trade Finance Program.
In the fiscal year 2018, which ended on June 30, the IFC has invested $2.26 billion of its own funds and has mobilized another $0.68 billion from other investors.
He said, 'IFC had a Program portfolio of around $800 million and wanted to increase it to over a billion USD.'
In a statement Thursday, the IFC said it had signed a memorandum of understanding (MOU) with the Securities and Exchange Commission (SEC), under which they will partner to strengthen the country's regulatory framework and corporate governance practices.
Leaders of the IFC referred to decisions given by the apex courts in Bangladesh and India declaring rivers as living entities and said the two neighbouring countries are thus also legally and ethically bound to keep the common rivers alive.
PM Phuc stressed that the cooperation between Viet Nam and IFC has flourished not only in financial funding but also comments on macroeconomic and financial policies.
The IFC also supports the aspirations of Azerbaijan for the development of private sector.
IFC will initially invest US$20 million for a 3.57% stake, with a further investment of US$40 million to increase its stake to 10% to occur if or when Iluka approves the construction of early works for the Sembehun project and upon completion and disclosure of the related Area 5 Environmental and Social Impact Assessment.
International Finance Corporation (IFC) will assess the current state of readiness for Bank Alfalah to embark on a sustainable Green Banking business.
Faisal Rabbani, Chief Risk Officer at Bank Alfalah, said on the occasion, 'Bank Alfalah is a highly customer-centric organization while IFC has global track record on Green Business Facilitation.
PLDT announced yesterday the signing of agreements under which IFC and IFC Emerging Asia, a fund managed by IFC Asset Management Co.
IFC invested $2.26 billion from its account and mobilized another $0.68 billion from other investors during its fiscal year 2018, which ended in June 30.