International Finance Corporation
- proper noun
:
Corporación Financiera Internacional
- During the meeting, the board of the International Finance Corporation discussed strategies to enhance support for small businesses in developing countries.
Examples
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The World Bank's International Finance Corporation opened a Guatemalan office to guide potential investors in privatized state-owned businesses.
Academic text (2002) -
A committee from the World Bank, the International Finance Corporation, and the Multilateral Investment Guarantee Agency conducted extensive research on the issue of foreign investment and compiled a model guideline for foreign investment law.
Academic text (1994) -
Because OPIC clients and the lenders that work with our clients sometimes work with other development finance institutions, OPIC has negotiated a cooperation agreement with peer DFIs such as the International Finance Corporation.
Blog text (14) -
The Government of Kenya, in partnership with the International Finance Corporation (a member of the World Bank Group), recently retained HR&A to create an implementation plan for the first phase of an exciting new technology industry hub and mixed-use community called Konza Technology City.
Blog text (26) -
Guided by the World Bank's International Finance Corporation, this dialogue has ensured the private sector's ability to influence policymaking, a development on which the future of the nation depends and without which no long-term alleviation of the country's poverty can be imagined.
Academic text (2008) -
The International Finance Corporation began its new project in Nigeria to promote investment in renewable energy.
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The International Finance Corporation aims to provide financial solutions that foster economic growth and sustainability in emerging markets.
Synonyms
4
6.7
An international group that invests in private companies and guarantees loans in developing countries
Surface Forms
Morphology
international + finance + corporation
The name is directly compositional: 'international' (between countries) + 'finance' (funding/financial activity) + 'corporation' (an organized company) clearly yields an organization that does finance work across countries. A B1 learner who knows the constituent words can therefore infer the general role of the entity (an international financial company/agency), even if they would not know specific institutional details like World Bank membership.
Etymology
International Finance Corporation gets its name because it is a group that uses money to help businesses in many countries. The word International shows it works across nations, Finance means money and loans, and Corporation means an organised company, so the name describes its role of 'investing in private companies' to help development.