Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 56 pages
File Size : 47,7 Mb
Release : 1985-03-01
Category : Business & Economics
ISBN : 9781616353605
Finance & Development, March 1985 by International Monetary Fund. External Relations Dept. Pdf
This paper anlayzes the role of the International Financial Corporation (IFC) in promoting economic development in developing countries with the private sector. IFC promotes growth of new companies, indigenous companies, and helps to introduce more capital from private sources into developing countries. Many countries need to develop capital market institutions such as stock exchanges, securities companies, leasing companies, and financial intermediaries of one kind or another. IFC has a special department, partly financed by the World Bank, that has provided expertise in these areas to a number of countries.