# International Finance Corporation

International Finance Corporation is a Government / Public Body based in Washington, D.C., United States.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Washington, D.C., United States
- **Region:** Middle East
- **Address:** 2121 Pennsylvania Avenue NW, Washington, D.C. 20433, United States
- **Founded:** 1956
- **Assets under management:** Undisclosed
- **Website:** ifc.org

## About

The International Finance Corporation is a member of the World Bank Group, headquartered in Washington, D.C. It provides investment, advisory, and asset management services. Established in 1956, the organization supports private sector development in developing countries.

## Sectors

- Infrastructure
- Financial Services
- Energy Transition & Renewables
- AgriTech & FoodTech
- Digital Health
- Private Credit

## Offices

- Istanbul, Turkey
- Nairobi, Kenya
- Ho Chi Minh City, Vietnam
- Delhi, India
- Bogota, Colombia

## Questions

### Who runs investment decisions at IFC?

Makhtar Diop, the managing director, holds ultimate executive authority over investment operations and strategy, a role he has held since 2021 and was renewed for in June 2024. Senior investment committees organized by region and industry sector approve individual transactions. IFC's asset-management subsidiary operates with its own CIO and independent investment committees for third-party fund mandates.

### How does IFC source proprietary deal flow?

IFC's field offices in over 100 countries, combined with its World Bank Group affiliation, provide origination pipelines that commercial investors cannot replicate. Country managers and sector specialists identify companies that meet IFC's development-impact and return thresholds, often years before those companies become accessible to private institutional investors. The corporation also originates deals through its network of local banking partners and private-equity fund relationships.

### Does IFC participate in fund commitments or only direct deals?

IFC does both. The corporation allocates significant capital as a limited partner to private-equity and venture-capital funds in emerging markets, and its Asset Management Company raised and deploys dedicated co-investment vehicles for institutional investors. IFC also structures parallel direct equity co-investments alongside the funds it backs, creating blended exposure across fund and direct formats.

### What is IFC's relationship to the broader World Bank Group?

IFC is one of five World Bank Group institutions, legally distinct from the concessional lending arms IBRD and IDA. While they share the same governance umbrella and a president who chairs all five boards, IFC raises its own debt in capital markets and makes commercial-return investments, unlike the subsidized loans extended by the other World Bank arms. IFC pays dividends to its member countries from retained earnings.

### How can institutional allocators co-invest alongside IFC?

Through IFC's Asset Management Company, institutional investors can participate in comingled funds that co-invest alongside IFC's own balance sheet. Sovereign wealth funds, pension funds, and development-finance institutions from OECD countries represent the typical limited-partner base. IFC also syndicates portions of its direct loans to commercial banks and institutional lenders through its B-loan program.

### Where does IFC's investable capital come from?

IFC's funding base combines paid-in capital from its 186 member countries, retained earnings from its investment portfolio, and proceeds from AAA-rated bonds issued in global capital markets. The corporation does not receive direct government appropriations for lending operations; its investment capacity is self-sustaining, augmented by donor trust funds for specific blended-finance facilities.

## Related profiles

- [International Data Group](https://altss.com/profile/international-data-group)
- [International Financial Services](https://altss.com/profile/international-financial-services)

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Last updated: 2026-06-03T20:00:00.000Z

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