The International Finance Corporation (IFC), founded in 1956 and headquartered in Washington, D.C., is a member of the World Bank Group dedicated to advancing economic development by encouraging private sector investment in developing countries. The IFC provides various financial products and services, including investment, advisory services, and a significant focus on sustainability, harnessing the power of the private sector to promote equitable, resilient growth.
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IFC began issuing bonds in 1989 to finance its global developmental projects, primarily focusing on investments in emerging markets. Notably, the IFC issued a landmark $1 billion bond in 2015, which was one of the largest-ever issuance by a multilateral development bank, aimed at funding sustainable infrastructure projects. Current yields on IFC bonds remain competitive within the industry, often drawing investor interest due to their AAA rating and the unique feature of supporting sustainable development initiatives.