|Consider the following regarding the objectives of International Finance Corporation (IFC):|
|1. To provide loans to private sector.|
|2. To coordinate capital and management.|
|3. To induce capitalist countries to invest in developing countries. Choose the correct one:|
A) Only 1
B) Only 1 and 3
C) Only 2 and 3
D) All 1, 2 and 3
Correct Answer: D
Solution :[d] The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States. It was established in 1956 as the private sector arm of the World Bank Group to advance economic development by investing in strictly for-profit and commercial projects that purport to reduce poverty and promote development.
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