X-Nico

7 unusual facts about International Finance Corporation


Hoang Tu Duy

He was a principal financial officer at the International Finance Corporation, the private-sector arm of the World Bank, where he was responsible for IFC's local currency financing programs in Asia and Eastern Europe.

John Ruggie

Its core provisions on the corporate responsibility to respect human rights were also incorporated into a new human rights chapter in the OECD Guidelines for Multinational Enterprises, ISO 26000, the new Sustainability Policy of the International Finance Corporation, and the European Union's new Corporate Social Responsibility Strategy.

Mahima Khanna

She is currently working in The International Finance Corporation, The World Bank Group, where she looks after the assessment and management of development impact for IFC's investments in Asia.

Peter Launsky-Tieffenthal

Before joining the Austrian Foreign Service, he worked for the International Finance Corporation in London, United Kingdom and the Investkredit Bank in Vienna, Austria.

Tete Province

The International Finance Corporation, member of the World Bank Group has announced that it will invest up to US$5 million in Baobab Resources Plc's exploration projects with the intention of fostering economic development.

Ujala Shanker

2011: Finalist at 'BoP Narrative Competition' hosted by the Center for Sustainable Global Enterprise at Cornell University sponsored by USAID and IFC

UniCredit Bulbank

In 2001 Bulbank's major shareholder, UniCredito, sold minor stakes to the Italian SIMEST S.p.A., Rome, and the International Finance Corporation — 2,5% and 5,3% of the share capital respectively.


American Center for International Labor Solidarity

When textile manufacturer Grupo M, the Dominican Republic’s largest employer, applied to the International Finance Corporation (the World Bank’s private sector lending arm) for a $20 million loan to open a factory on the Haiti-Dominican border, the Solidarity Center, the International Confederation of Free Trade Unions (ICFTU) and the Dominican Federation of Free Trade Zone Workers (FEDOTRAZONAS) worked together to condition the loan on respect for worker rights.

Emmett J. Rice

From 1966 to 1970, he was U.S. Alternate Executive Director for the International Bank for Reconstruction and Development (World Bank), the International Development Association, and the International Finance Corporation.

Flexenclosure

Its major shareholders are Industrifonden, a Swedish investment fund; Pegroco Invest, a privately owned Swedish investment company; Andra AP-fonden (AP2), a Swedish pension fund; and International Finance Corporation (IFC), a private sector global development institution which is a member of the World Bank Group.

Iduapriem Gold Mine

The new company owned an 80% share of Iduapriem, with the remaining 20% held by the International Finance Corporation, and a 90% share of Teberebie, with the Government of Ghana holding the remainder.

Inclusive capitalism

In 2007, Hammond and a team of researchers from the Inter-American Development Bank, the World Bank Group’s International Finance Corporation and the World Resource Institute concluded that poverty afflicts four billion people worldwide, many of whom are living in capitalistic countries or countries transitioning towards capitalism (Hammond et al. 2007).

Kupol Gold Mine

Bayerische Hypo und Vereinsbank and Société Générale provided $250 million, and $150 million was provided by an international consortium made up of Caterpillar, Export Development Canada, International Finance Corporation, and others.

Lima Airport Partners

In June 2008, the International Finance Corporation, member of the World Bank group and Fund for Investment in Infrastructure, Public Services and Natural Resources, administered by AC Capitales SAFI became partners of LAP.

Magma Fincorp

In 2011, Kohlberg Kravis Roberts – a large global PE firm and International Finance Corporation, an arm of the World Bank Group invested about $100 mn in Magma.

Rowland Baring, 3rd Earl of Cromer

After military service during the war, he was managing director of Barings between 1949 and 1959 He then served as Economic Minister at the British Embassy in Washington as well as holding executive directorships at the International Monetary Fund, the International Bank for Reconstruction and Development, and the International Finance Corporation.

TBC Bank

The European Bank for Reconstruction and Development (EBRD) was the first financial institution to enter into an agreement to join the “Letter of Credit Support Project.” Since then, TBC has worked on trade finance transactions with various international financial institutions and commercial banks, and has raised TF facilities from BSTDB, ADB and IFC.

Umeme

In November 2013, the company announced that it had secured loans totaling US$190 million from the International Finance Corporation, Standard Chartered Bank and Stanbic Bank to fund grid expansion and reduce energy losses.

XacBank

TenGer Financial Group's shareholders comprise well known international institutions, such as IFC, EBRD and Mercy Corps, and local business entities.


see also