Company Overview of International Finance Corporation
International Finance Corporation is a private equity and venture capital arm of World Bank specializing in both direct and fund investments. It seeks to invest in early stage companies. The firm does not seek to invest in production or trade in weapons and munitions; alcoholic beverages (excluding beer and wine); tobacco; gambling, casinos, and equivalent enterprises; radioactive materials; unbonded asbestos fibers; drift net fishing in the marine environment using nets in excess of 2.5 km. in length; and in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, or subject to international bans, such as pharmaceuticals, pes...
2121 Pennsylvania Avenue NW
Washington, DC 20433
Founded in 1956
Key Executives for International Finance Corporation
Chief Executive Officer and Executive Vice President
Vice President of Risk Management and Portfolio
Head and Chief Investment Officer
Chief Funds Specialist and Chief Investment Officer for Private Equity Funds
Compensation as of Fiscal Year 2014.
International Finance Corporation Key Developments
EDF and IFC Sign Agreement to Promote Rural Electrification in Africa and Globally
Jul 7 14
IFC, a member of the World Bank Group, and EDF have signed an agreement to cooperate in developing off-grid electrification solutions in emerging markets, with the ultimate goal of serving up to half a million people living in rural areas, mainly in sub-Saharan Africa. The agreement is focused primarily on sub-Saharan Africa, with a pilot project under development in Benin. The first phase of this pilot is intended to provide electricity to 25,000 people, using hybrid solar-diesel networks and two biomassfired power plants. The project may be replicated in other parts of Benin, as well as other countries such as Mozambique, Tanzania and Myanmar. In signing this agreement, EDF and IFC expect to combine their expertise in order to develop cutting edge, affordable and sustainable solutions for rural electrification. The scope of cooperation between EDF and IFC includes seeking sources of financing to support potential projects, sharing sector expertise between the two institutions, and where necessary, exploring sustainable co-investment opportunities, for example thorough the creation of a joint investment vehicle to finance eligible projects in the target countries.
Ballarpur International Graphic Paper Seeks Investment From IFC
Jun 27 14
Ballarpur Industries Limited (BSE:500102) has informed BSE that Ballarpur International Graphic Paper Holdings B.V. (BIGPH), a step down subsidiary of Ballarpur Industries, is evaluating and exploring options with International Finance Corporation (“IFC”) for receiving a potential investment from IFC, in a combination of debt and/or equity in BIGPH and/or its step down subsidiaries. Any proposed investment would be subject to IFC’s management and Board approval, satisfactory documentation and satisfaction of all necessary conditions.
Allianz Reportedly To Buy Dunav Osiguranje
Jun 23 14
Allianz SE (DB:ALV) is looking to buy majority stake in Kompanija Dunav Osiguranje a.d.o. (BELEX:DNOS), government source says. The European Bank for Reconstruction and Development and the International Finance Corporation are also interested to buy the stake but the government would prefer Allianz, according to sources. Dunav's shares on the Belgrade Stock Exchange (BSE) have jumped from RSD 500 to RSD 900 per share since the beginning of May amid the sale speculation.
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