The International Finance Corporation (IFC) is a member of the World Bank Group and is the largest global development institution focused exclusively on the private sector in developing countries. Established in 1956, the IFC works with businesses in emerging markets to finance investments, mobilize capital, and provide advisory services to promote sustainable economic growth, poverty reduction, and development impact.

Key points about the International Finance Corporation (IFC) include:

1. **Mission**: The mission of the IFC is to promote private sector investment in developing countries to reduce poverty and improve people’s lives. It aims to support sustainable development by mobilizing private capital, promoting entrepreneurship and innovation, and fostering inclusive and environmentally responsible business practices.

2. **Investment**: The IFC provides financing to private sector companies and financial institutions in developing countries through a range of financial products and services, including loans, equity investments, guarantees, and structured finance. It invests in sectors such as infrastructure, manufacturing, agribusiness, financial services, healthcare, and renewable energy.

3. **Mobilization of Capital**: In addition to its own investment activities, the IFC mobilizes additional capital from other investors, including commercial banks, institutional investors, sovereign wealth funds, and development finance institutions. It co-invests alongside private sector partners and helps catalyze private investment in sectors and regions where capital is scarce.

4. **Advisory Services**: The IFC provides advisory services, technical assistance, and capacity-building support to private sector clients, governments, and financial institutions in areas such as corporate governance, risk management, environmental and social sustainability, access to finance, and market development. Its advisory services aim to strengthen the business environment, improve regulatory frameworks, and enhance the competitiveness of enterprises.

5. **Focus on Development Impact**: The IFC emphasizes the importance of measuring and maximizing development impact in its investment and advisory activities. It assesses projects based on their potential to create jobs, generate tax revenues, promote environmental and social sustainability, empower women and marginalized groups, and contribute to local economic development.

6. **Partnerships**: The IFC collaborates with a wide range of partners, including governments, multilateral organizations, non-governmental organizations (NGOs), academia, and the private sector, to leverage resources, share expertise, and address development challenges collaboratively. It works closely with other members of the World Bank Group, such as the World Bank and the Multilateral Investment Guarantee Agency (MIGA), to support comprehensive development solutions.

7. **Governance and Accountability**: The governance structure of the IFC includes a Board of Governors, a Board of Directors, and management. It operates in accordance with its Articles of Agreement and is subject to oversight by its member countries. The IFC is committed to transparency, accountability, and adherence to high standards of corporate governance and integrity.

Overall, the International Finance Corporation (IFC) plays a critical role in promoting private sector-led development and sustainable economic growth in developing countries. Through its investment, advisory, and mobilization activities, the IFC contributes to poverty reduction, job creation, and the achievement of the United Nations Sustainable Development Goals (SDGs) around the world.