Review on International Finance Corporation (IFC) by yosmal herrera
driving the global economy
To promote the global development of the economy, it is necessary to provide financial and logistical support to each of the sectors that comprise it. Only in this way can the joint welfare of society and the sustained growth of the world economy be achieved.
This is part of the mission of the International Finance Corporation, an organization committed to economic projects aimed at generating well-being by investing in profitable products that transcend positive economic, environmental and social consequences in every sector of the world population.
International Finance Corporation carries out critical analyzes on the consequences or results of each project to direct the necessary financial resources to make it a positive reality in the economic and social environment.
Likewise, the International Finance Corporation promotes the raising of capital funds to support companies and sectors originating in countries in precarious economic and social conditions or in conflict situations.
In this way, it would be helping the well-being of developing peoples to achieve economic stability and social well-being.
The International Finance Corporation serves as an institutional connector between government institutions, investors and projects that require resources to promote the economic development of people in a weakened economic situation.
Pros
- Promotes the inclusion of various genres in investment
- Provides financial support to small and medium-sized businesses
- Promotes the digitization of commerce to survive the pandemic
- It induces the pharmaceutical sector to generate social welfare
Cons
- No disadvantages
