International Finance Corporation (IFC)

Context

• International Finance Corp has launched the Global Food Security Platform to support the private sector for sustainable production and delivery of food stocks to countries affected by food instability.
  • This 6 billion USD financing facility will help boost the flow of food supplies and other important commodities like fertilizers to vulnerable communities.

International Finance Corporation (IFC)

• The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. 
• The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.

Source: ET