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QWhat is the foundation year of the International Finance Corporation?

ID: #17 World Organisations - I 683 views
Question Info
#17Q ID
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World Organisations - ITopic

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  • A 1956 ✔ ✖
  • B 1954 ✔ ✖
  • C 1988 ✔ ✖
  • D 1990 ✔ ✖
Correct Answer

Explanation

The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries.

The IFC is a member of the World Bank Group and is headquartered in Washington, DC. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development.

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