{"id":8369,"date":"2025-02-24T10:24:45","date_gmt":"2025-02-24T04:54:45","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=8369"},"modified":"2025-03-29T02:36:57","modified_gmt":"2025-03-28T21:06:57","slug":"international-finance-corporation-ifc","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/international-finance-corporation-ifc\/","title":{"rendered":"International Finance Corporation (IFC)"},"content":{"rendered":"<h2>International Finance Corporation Latest News<\/h2>\n<p>Recently, the International Finance Corporation (IFC) has decided against investing in a proposed $40 million loan for waste-to-energy (WTE) incineration projects in Gujarat, India.<\/p>\n<h2>About International Finance Corporation<\/h2>\n<ul>\n<li>It is the private lending arm of the <strong>World Bank.<\/strong><\/li>\n<li>It was <strong>established in 1956<\/strong> as a member of the World Bank Group, focused on investing in economic development.<\/li>\n<\/ul>\n<h2>Functions of International Finance Corporation<\/h2>\n<ul>\n<li>It provides financing of <strong>private-enterprise investment<\/strong> in developing countries around the world, through both <strong>loans and direct investments.<\/strong><\/li>\n<li>It also provides advisory services to encourage the development of private enterprises in nations that might lack the necessary infrastructure or liquidity for businesses to secure financing.<\/li>\n<li>It mobilizes capital from other lenders and investors through loan participations, parallel loans and other means.<\/li>\n<li><strong>Governance:<\/strong> It is owned and governed by its <strong>member countries<\/strong>. It is a corporation whose shareholders are member governments that provide paid-in capital and have the right to vote on its matters.<\/li>\n<li>The President of the World Bank Group is also the President of the IFC.<\/li>\n<li><strong>Headquarter:<\/strong> Washington, D.C<\/li>\n<\/ul>\n<h2>International Finance Corporation FAQs<\/h2>\n<p><strong>Q1:<\/strong> What is the International Finance Corporation?<\/p>\n<p><strong>Ans:<\/strong> It is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries.<\/p>\n<p><strong>Q2:<\/strong> What is the role of IFC in India?<\/p>\n<p><strong>Ans:<\/strong> IFC has a leading role in financing infrastructure projects in India and advising client governments on public-private partnerships.\u00a0<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.downtoearth.org.in\/waste\/world-banks-private-lending-arm-withdraws-funding-for-waste-incineration-projects-in-gujarat\" target=\"_blank\" rel=\"nofollow noopener\">DTH<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Finance Corporation was established in 1956 as a member of the World Bank Group, focused on investing in economic development<\/p>\n","protected":false},"author":5,"featured_media":8370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-8369","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/8369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=8369"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/8369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/8370"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=8369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=8369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=8369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}