IFC coordinates its activities with the other institutions of the World Bank Group but is legally and financially independent.
IFC's 179
member countries provide its authorized share capital of $2.4 billion, collectively determine its policies, and approve investments.
IFC's corporate powers are vested in a Board of Governors, to which member countries appoint representatives, generally the minister of finance or an equivalent. Learn more...
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The Board of Governors delegates many of its powers to the Board of Directors, which represents IFC's member countries. They also review all proposed investments. Learn more...
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Executive Vice President & CEO |
Lars Thunell
The Executive Vice President and CEO
leads IFC's overall strategic directions.
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The
World Bank Group's president also serves as IFC's president.
The
Management Group assists the Executive Vice President and CEO in decision-making and strategic planning.
IFC's projects and programs are evaluated by the
Independent Evaluation Group. Accountability is ensured by the independent
Office of the Compliance Advisor/Ombudsman.
Operations | | Staff |
IFC's operations are carried out by its departments, most of which are organized by world region or global industry/sector.
Learn more...
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IFC has over 3,100 staff, of whom 51% work in field offices and 49% at headquarters in Washington, D.C.
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