IFC
noun
ukusECONOMICS,FINANCE,POLITICS
abbreviationforInternational Finance Corporation: one of the fiveinternationalorganizationsthat make up theWorldBank. Themainaimof the IFC is toencouragethedevelopmentofprivatebusinessesinpoorercountriesbyprovidinginvestmentandofferingadvice:
The IFC hashelpedprivatizethousands ofsmallbusinessesin Russia and Ukraine.
See also
the World Bank