The Role of the International Finance Corporation (IFC)

The International Finance Corporation (IFC) serves as the private sector arm of the World Bank Group, focusing on providing equity and loans to enterprises in emerging markets. The Treasury Department's primary responsibility includes raising significant capital—approximately $17 billion annually—to fund these investments. Although the World Bank Group is owned by multiple governments, the funding raised through the bond market is a crucial aspect of the IFC's operations, enabling it to meet its mandate of eradicating poverty and promoting shared prosperity. The Treasury also plays a vital role in managing financial operations and mitigating risks, essential for supporting IFC's development goals.