Q. With reference to International Finance Corporation (IFC) consider the following statements:
1.It is an autonomous and independent international institution that aims to manage international finance.
2.It is the largest global development institution focused on the private sector in developing countries.
3.It finances through both loans and direct investments.
Which of the statements given above are correct?
Answer: B
Notes:
Explanation –
Statement 1 is incorrect. IFC was established in 1956 as a member of the World Bank Group. It is headquartered in Washington, D.C. in the United States.
Statement 2 and 3 are correct. IFC is the largest global development institution focused on the private sector in developing countries. It provides financing of private-enterprise investment in developing countries around the world, through both loans and direct investments.
Source: ForumIAS
