ASSIGNMENT

ON
INTERNATIONAL FINANCIAL MANAGEMENT

SUB
MITTED TO : SUBMITTED BY :
DR. ANU KOHLI AYUSH BISHT
ASSISTANT PROFESSOR MBA SEM 4TH
LUCKNOW UNIVERSITY ROLL NO. 180012135043
 ACKNOWLEDGEMENT

I would like to express my special thanks

of gratitude to my professor Dr. Anu
Kohli who gave me the Golden
opportunity to this wonderful project on
the topic “International Finance
Corporation” , which also helped me in
doing a lot of research and I came to
know about so many new things I am
really thankful to them.
Secondly, I would also like to thank my
parents and friends which helped me a lot
in finalizing this project within the
limited time frame.
AYUSH BISHT
MBA 4TH SEM
(FINANCE)
ROLL NO . 08
 INTERNATIONAL FINANCE
CORPORATION

HISTORY -The World Bank and

International Monetary Fund were
designed by delegates at the Bretton
Woods conference in 1944. The World
Bank, then consisting of only the
International Bank for Reconstruction
and Development, became operational in
1946. Robert L. Garner joined the World
Bank in 1947 as a senior executive and
expressed his view that private business
could play an important role in
international development. In 1950,
Garner and his colleagues proposed
establishing a new institution for the
purpose of making private investments in
the less developed countries served by
the World Bank. The U.S. government
encouraged the idea of an international
corporation working in tandem with the
World Bank to invest in private
enterprises without accepting guarantees
from governments, without managing
those enterprises, and by collaborating
with third party investors. When
describing the IFC in 1955, World Bank
President Eugene R. Black said that the
IFC would only invest in private firms,
rather than make loans to governments,
and it would not manage the projects in
which it invests.[10]
The concept was nonetheless
controversial in the US, where some
business interests were uncomfortable
with the public ownership of private
firms.[11] Nonetheless, in 1956, the
International Finance Corporation
became operational under the leadership
of Garner. It initially had 12 staff
members and $100 million (equivalent to
$940 million in 2019)[12] in capital. The
corporation made its inaugural
investment in 1957 by making a $2
million (equivalent to $18 million in
2019)[12] loan to a Brazil-based affiliate
of Siemens & Halske (now Siemens
AG).[3]
In 2007, IFC bought 18% stake in the
Indian Financial firm, Angel Broking.
[13] In December 2015, IFC supported
Greek banks with 150 million euros by
buying shares in four of them: Alpha
Bank (60 million), Eurobank (50
million), Piraeus Bank (20 million) and
National Bank of Greece (20 million)

Objectives -
(i) By investing in private
productive enterprises in
association with private investors
and without any government
guarantee of repayment.
(ii) By bringing together investment
opportunities, private capital,
both foreign and domestic and
experienced management.
(iii) By stimulating productive
investment of private capital,
both foreign and domestic, in the
developing countries for
productive purposes.
GOVERNANCE OF FCI –

Established in 1956, IFC is owned by

185 member countries, a group that
collectively determines our policies.
Through a Board of Governors and a
Board of Directors, our member
countries guide IFC’s programs and
activities.

Each of our member countries appoints

one governor and one alternate.
Corporate powers are vested in the Board
of Governors, which delegates most
powers to a board of 25 directors. Voting
power on issues brought before them is
weighted according to the share capital
each director represents.

The directors meet regularly at World

Bank Group headquarters in Washington,
D.C., where they review and decide on
investments and provide overall strategic
guidance to IFC management.

Products & Services of IFC –

 Loans
 Treasury client Solutions
 Blended Finance
 Equity
 Venture Capital
 Advisory
  IFC Asset Management Company

AREAS OF EXPERTISES OF IFC –

 Agribusiness and Forestry

 Financial Institutions
 Fund
 Health and Education
 Infrastructure
 Manufacturing
 Oil & Gas and Mining
 REFERENCES

 https://www.ifc.org/wps/wcm/connect/CORP_EXT_Content/IFC_Exte
rnal_Corporate_Site/Solutions/Products+and+Services

 https://notesforpakistan.blogspot.com/2009/08/international-
finance-corporation-and.html?m=1