IFC is the private sector arm of the World Bank Group. IFC fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing capital in the international financial markets, and providing advisory services to businesses and governments.

IFC helps companies and financial institutions in emerging markets create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to their local communities. The goal is to improve lives, especially for the people who most need the benefits of growth.  IFC invests in enterprises majority-owned by the private sector throughout most developing countries in the world.

IFC emphasizes five strategic priorities for maximizing its sustainable development impact: strengthening its focus on frontier markets, particularly the SME sector; building long-term partnerships with emerging global players in developing countries; addressing climate change, and environment and social sustainability activities; addressing constraints to private sector investment in infrastructure, health, and education; and developing domestic financial markets through institution building and the use of innovative financial products.
For all new investments, IFC articulates the expected impact on sustainable development, and, as the projects mature, IFC assesses the quality of the development benefits realized. IFC offers an array of financial products and services to its clients and continues to develop new financial tools that enable companies to manage risk and broaden their access to foreign and domestic capital markets. IFC offers a range of advisory services in support of private sector development in developing countries.

IFC coordinates its activities with the other institutions of the World Bank Group but is legally and financially independent.

IFC's 182 member countries provide its authorized share capital of $2.4 billion, collectively determine its policies and approve investments.

IFC is one of the main financiers of Favorita providing long- term loans.