International Finance Corporation, a part of the World Bank Group, promotes sustainable private sector development in developing countries. It focuses on promoting economic development by encouraging the growth of productive enterprise and efficient capital markets in its member countries, which include 178 nations throughout the world. International Finance Corporation s investments in emerging-market companies and financial institutions create jobs, build economies and generate tax revenues. International Finance Corporation invests in enterprises that are majority-owned by the private sector throughout most developing countries in the world. In fiscal 2005, IFC invested in 236 projects in 67 countries, covering developing regions, such as sub-Saharan Africa, East Asia and the Pacific, South Asia, Europe and Central Asia, Latin America and the Caribbean and the Middle East and North Africa.
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