Consider the following statements regarding “International Finance Corporation (IFC)”: 1. It is the private sector arm of the World Bank founded in 1956. 2. It provides financing for private enterprise investments in both developing and developed countries. Which of the statements given above is/are correct? |ForumIAS

Q. Consider the following statements regarding “International Finance Corporation (IFC)”:
1.It is the private sector arm of the World Bank founded in 1956.
2.It provides financing for private enterprise investments in both developing and developed countries.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation: IFC is the private sector arm of The World Bank founded in 1956. IFC provides financing for private enterprise investments in developing countries.

It also provides advisory services to encourage the development of private enterprise in nations.
The IFC funds banks and other financial institutions that in turn lend to other projects (financial intermediaries).

Source: FORUMIAS

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