Sanjivani Pa 531569
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2007-01-03 16:04:21
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answer #1
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answered by dinu_pawar 5
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SENANAYAKE
recovery of tourism in the Maldives, Sri Lanka, and Thailand.
SANJIVA
In addition, the Corporation has conducted seminars and
consultations on insurance in the Maldives and Sri Lanka. IFC
Investing
also provided $150,000 from its corporate contingency funds
to a program run by Sri Lanka's National Development Bank
Group that repaired or replaced fishing boats and equipment
damaged by the tsunami.
SENANAYAKE
SANJIVA
At its launch, the International Finance Corporation became the first multilateral organization
to have as its main objective the promotion of private enterprise. Today, it remains one of the 50
few multilaterals to assume full commercial risks alongside private investors in emerging
markets. The idea of an institution to spur private sector investment in poor countries--
complementing the World Bank's lending to governments--had been broached at the
founding of the Bank and the International Monetary Fund in 1944. In the summer of 1956,
IFC's first loans, for manufacturing projects in Brazil and Mexico, put the World Bank Group
on course to making that vision a reality.
years
In half a century of growth, IFC has remained the largest multilateral source of loan and
equity financing for private sector projects in developing countries, even coining the term
"emerging markets" for the clients we serve. We have been a key investor in more than 1956-2006
3,300 companies, a catalyst for partnerships in commercial investment and technical assistance,
and a champion of best practice with global expertise to help firms and the government
entities that work with them. We have played a leading role in building recognition that
developing and transition countries offer sound and sustainable business opportunities. The
Corporation will celebrate its accomplishments during 2006 with a renewed commitment to
providing the innovative products and services our clients need and to expanding our impact
on development.
25
IFC Organizational Structure
IFC has a workforce of over 2,400, representing more than 120 nationalities. Reflecting the strategic decentralization of operations, 45 percent of
staff work in field offices in some 70 countries. To be closer to clients and tailor strategies and services to the countries where they operate, regional
departments are centered at hubs in Cairo, Hong Kong, Istanbul, Johannesburg, Moscow, New Delhi, and Rio de Janeiro. Each draws on the global
expertise of industry departments based in Washington.
2007-01-03 17:06:48
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answer #2
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answered by Anonymous
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