The International Finance Corporation is the member of the World Bank Group that invests in the private sector of developing countries. It was created to supplement the lending of the World Bank, which lends to governments, by financing companies without a government guarantee. It provides loans, equity investments and advisory services in sectors such as banking, infrastructure, manufacturing and agriculture, and it also mobilises funds from other investors. The corporation operates on commercial terms and has its headquarters in Washington, D.C. Its projects have at times been criticised over environmental and social impacts, which has led it to adopt performance standards.
Before and after
- 1956Founding of United Nations peacekeeping
- 1956Premiere of Eurovision Song Contest
- 1956Founding of Paris Club
- 1 January 1956Birth of Christine Lagarde
- 1956Founding of International Finance Corporation
- 3 January 1956Birth of Mel Gibson
- 5 January 1956Birth of Frank-Walter Steinmeier
- 25 February 1956Publication of On the Cult of Personality and Its Consequences
- 1 March 1956Birth of Dalia Grybauskaitė
More in Society, economy & sport
- 5 October 1948Founding of International Union for Conservation of Nature
- 5 May 1949Founding of Council of Europe
- 1960Founding of Somalia
- 1 October 1963Founding of Nigeria
- 1985Introduction of new shekel
- 1990Rise of K-pop
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.