Q35
International Financial Corporation established in the year
A.
1948
B.
1952
C.
1962
D.
1956
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development.