Multiple choice

The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory and asset management services to encourage private sector development in developing countries. When was this arm of World Bank set up?

  1. 1945

  2. 1947

  3. 1953

  4. 1956

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The International Finance Corporation (IFC) was established in 1956 as a member of the World Bank Group to promote private sector investment in developing nations.