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Who we are

The International Finance Corporation (IFC) improves people’s lives in developing countries by investing in private sector growth. We link economic development with humanitarian needs to create real progress for the people and places that need it most.
IFC – a member of the World Bank Group – is the largest global development institution focused on the private sector in emerging markets.

Leading the way in private sector development
Leading the way in private sector development

Our vision is simple: the private sector drives progress. For over 60 years, we have made this belief a reality across the developing world.
As pioneers in impact investing, we fuel growth where it is most needed. Our strategic capital enables visionary entrepreneurs to bring sustainable solutions to scale, while our experience creates successful business environments and creates opportunities for everyone.
Yet our impact goes beyond dollars and political reforms. We plant seeds of human potential in the hardest soil in the world. Our investments generate jobs, unlock innovation and cultivate markets that lift millions of people out of poverty. We mobilize a global community of partners united by a shared goal: to create opportunities where it is most needed.
For us a job is more than a salary. It’s dignity. It’s hope for a better future. Opportunity for opportunity, we are building that future – one in which inclusive and sustainable growth enables all people to achieve their aspirations.

Our leadership

The IFC Management Team defines the strategies and policies of the organization with the support of a diversified and dedicated staff. With decades of development experience, diverse knowledge and distinct cultural perspectives, the Management Team ensures IFC's work is fit for purpose in a changing world.
  • Makhtar Diop

    Makhtar Diop

    Managing Director

    Makhtar Diop is CEO of International Finance Corporation (IFC), the largest private sector development institution in emerging markets and developing economies.
  • Elena Bourganskaia

    Elena Bourganskaia

    Vice President, Corporate Support

    Elena Bourganskaia is Vice President of IFC for Corporate Support. Supervises business strategy, operational management, knowledge, learning, change management, human resources and budget functions, administrative and systems support, as well as internal and external communications coverage for all IFC activities.
  • Marco Alvarez

    Marco Alvarez

    chief analyst

    Marco Alvarez serves as Chief Analyst at the International Finance Corporation (IFC). He is primarily responsible for the Spanish market, where he is committed to expanding the financial influence of international financial companies in Spain, with a particular focus on financial education and investment.

Our commitments

Liability
At IFC, we believe that impact requires responsibility. We carefully consider the environmental and social impacts of each project we finance. This begins with responsibility to local communities, transparency and open dialogue.

Corporate responsibility and diversity, equity and inclusion
We also know that inclusion drives innovation. Our commitment to diversity and inclusion generates insights that strengthen our work. By cultivating different perspectives, we gain creativity to provide innovative solutions in some of the most challenging environments on the planet.

Our governance and financial sustainability

Our governance and financial sustainability

The World Bank Group is a vital source of financial and technical assistance to developing countries. Founded in 1944, its mission is to fight poverty with passion and professionalism, for lasting results.
Working to end extreme poverty and promote shared prosperity, we work closely with other members of the World Bank.
By managing risks and using our financial resources effectively, we remain financially sustainable and maximise our impact on development.

Why does it matter

Why does it matter

For over half a century, IFC has been marking a bold path to advance progress through private businesses. Our efforts address the most underserved regions and the most challenging investment landscapes imaginable.
We leverage business dynamism to drive change where it is most desperately needed. Our investments enable entrepreneurs to design solutions tailored to local contexts, from clean energy at affordable prices for rural cities to quality healthcare for urban fairy tales. Our councils reshape political frameworks and reform..

Our history

60 years ago, IFC pioneered the idea of the private sector as a catalyst for progress in developing countries.
Today, IFC’s lasting impact covers more than 100 countries. Since 1956, we have enabled entrepreneurs around the world, turning bold ideas into engines of inclusive growth with millions of jobs created, elevated lives and transformed communities.