International Finance Corporation (IFC),

Definition of International Finance Corporation (IFC):

1. World Bank subsidiary established in 1956 to promote private sector investment in developing countries through loans and equity financing without government guarantees. IFC charges market interest rates, seeks profitable returns, and serves as a link with world capital markets.

2. An affiliate of the International Bank for Reconstruction and Development (World Bank) established in 1956 to assist developing member countries by promoting the growth of the private sector of their economies.