International Finance Corporation
International Finance Corporation (IFC) is a treaty-based international financial institution rather than a company incorporated under a national companies-registry law. It was established in 1956 under its own Articles of Agreement and is a member of the World Bank Group, headquartered in Washington, D.C., United States. Because IFC was created by an international agreement among its member governments rather than registered with a national companies registry, it has no domestic company-registration number and no national incorporation date of the kind normally shown on this profile; both fields are blank on this record for that reason.
Under its Articles of Agreement, IFC is the private-sector investment and development-finance arm of the World Bank Group. It provides loans, equity investments, guarantees, risk-management products and advisory services to private companies and projects across developing economies, working on business principles that require it to bear full commercial risk without government guarantees and to earn a return on its own operations. IFC describes its role as catalytic: it invests only in projects for which sufficient private capital is not otherwise available, and it operates across many regions and sectors rather than a single national market.
As of 30 June 2025, the end of IFC’s fiscal year 2025, IFC reported total capital of 40.9 billion US dollars, including 15.3 billion US dollars in retained earnings, and held AAA and Aaa long-term credit ratings from major rating agencies. IFC is owned by 186 member countries, which subscribe capital stock in the institution rather than holding shares as private or corporate investors; the disclosed structure of that shareholding is set out in the shareholders section of this profile.
This profile carries the on-file country code MZ, for Mozambique. IFC’s own website confirms its headquarters is in Washington, D.C., not Mozambique, and this record has no Mozambique company-registration number or incorporation date, which would be expected if it represented a Mozambique-registered subsidiary. IFC does maintain a country office in Maputo, Mozambique, covering Mozambique together with Comoros, Eswatini, Madagascar and Seychelles under a single country manager, but the website on file for this profile, www1.ifc.org, is IFC’s global corporate domain rather than a Mozambique-specific page. On balance, this profile is treated as covering IFC as a whole rather than a distinct Mozambique entity, and the MZ country tag on this record most likely reflects a data-classification artifact rather than confirmation that the record is limited to IFC’s Mozambique office activities.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Shareholders of International Finance Corporation
International Finance Corporation (IFC) is not owned by private or corporate shareholders in the way an ordinary company is. Its entire capital stock is subscribed by member-country governments under IFC’s Articles of Agreement. As of 30 June 2025, the end of IFC’s fiscal year 2025, 186 member countries held the whole of IFC’s capital stock and voting power, according to IFC’s FY2025 Information Statement. Voting power is weighted by the share capital each member has subscribed rather than allocated equally by country. The five largest shareholders by voting power as of 30 June 2025 were the United States (17.11%), Japan (7.11%), Germany (4.99%), the United Kingdom (4.69%) and France (4.69%). Collectively, member countries of the Organisation for Economic Co-operation and Development (OECD) held 65.79% of IFC’s total voting power on the same date. IFC’s total capital amounted to 40.9 billion US dollars as of 30 June 2025, including 15.3 billion US dollars in retained earnings. The complete table of all 186 member-country capital subscriptions and voting percentages is published in IFC’s FY2025 Information Statement and Annual Report but is not reproduced in full here.
Data availability
Shareholder information for International Finance Corporation is classified as Major shareholders only: IFC’s own FY2025 Information Statement discloses its five largest shareholders by voting power and the aggregate OECD voting share, but this profile does not reproduce the full 186-country capital-stock and voting-power table published in that filing. As an international financial institution capitalised by sovereign member governments rather than private investors, IFC has no ultimate beneficial owner in the conventional company sense.
Sources
- IFC, Information Statement, Fiscal Year 2025 (year ended 30 June 2025). https://www.ifc.org/content/dam/ifc/doc/2025/ifc-annual-information-statement-fy25.pdf. Retrieved 23 September 2026.
- IFC official website, About IFC. https://www.ifc.org/en/about. Retrieved 23 September 2026.
Officers
Directors and officers of International Finance Corporation
International Finance Corporation (IFC) does not have directors and officers in the sense used for an ordinary private company; its governance follows the structure set out in its Articles of Agreement. Each of IFC’s 186 member countries appoints one governor and one alternate governor to IFC’s Board of Governors, which holds IFC’s corporate powers. Most of those powers are delegated to a Board of Directors of 25 directors, whose voting power on Board matters is weighted according to the share capital each director represents. Under IFC’s Articles of Agreement, the President of the World Bank Group also serves, ex officio, as President of IFC; that position has been held by Ajay Banga since 2 June 2023. Day-to-day executive management of IFC is led separately by a Managing Director and Chief Executive Officer, a role held by Makhtar Diop as of the date of this research. Nationality of individual Board of Directors members is not itemised on the IFC leadership pages reviewed for this research and is not inferred from names.
Data availability
Officer and governance information for International Finance Corporation is classified as Partial: IFC’s official website discloses its President and its Managing Director and Chief Executive Officer, and describes its Board of Governors and Board of Directors structure, but does not publish a complete individual roster of all 25 current executive directors and alternates, or historical appointment and resignation dates, on the pages reviewed.
Sources
- IFC official website, Governance and Financial Sustainability. https://www.ifc.org/en/about/governance-and-financial-sustainability. Retrieved 23 September 2026.
- IFC official website, Leadership. https://www.ifc.org/en/about/leadership. Retrieved 23 September 2026.
- World Bank Group press release, Ajay Banga Selected 14th President of the World Bank, 3 May 2023. https://www.worldbank.org/en/news/press-release/2023/05/03/ajay-banga-selected-14th-president-of-the-world-bank. Retrieved 23 September 2026.
Group Structure
Group structure of International Finance Corporation
International Finance Corporation (IFC) is a distinct legal entity created by its own Articles of Agreement in 1956 and is one of five institutions that make up the World Bank Group, alongside the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). IFC describes IBRD as a sister organisation rather than a parent or subsidiary: IFC is legally and financially separate from IBRD, with its own Articles of Agreement, membership, capital stock and financial statements, and neither institution owns or controls the other. IFC is not a subsidiary of the World Bank Group as such, since the term World Bank Group refers collectively to these separately constituted institutions rather than to a single parent corporate entity. In 2025, World Bank Group President Ajay Banga announced organisational reforms, effective from January 2026, that consolidate certain knowledge and corporate functions, including treasury, human resources, information technology and communications, across IBRD, IDA and IFC, while stating that each institution keeps its own distinct legal structure and lending mandate.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| International Bank for Reconstruction and Development (IBRD) | United States | Not applicable; treaty-based institution | Sister organisation under the World Bank Group | Ownership percentage not applicable; no shareholding link between IFC and IBRD | Active | 2025 |
Recent structural changes
Effective from January 2026, IFC began consolidating certain knowledge and corporate functions with IBRD and IDA under a World Bank Group reorganisation announced by President Ajay Banga in 2025, while continuing to operate under its own Articles of Agreement and Board of Directors. No acquisition, disposal or change of member-country shareholding was identified as part of this reorganisation.
Data availability
Group-structure information for International Finance Corporation is classified as Full for its relationship to the World Bank Group: IFC’s own official website and Articles of Agreement clearly describe it as a legally separate sister institution to IBRD, IDA, MIGA and ICSID, with no parent-subsidiary relationship between them. This profile’s on-file country code, Mozambique (MZ), does not correspond to a subsidiary or other distinct legal entity of IFC; it is addressed as a data-classification question in the company description above rather than as a verified corporate relationship.
Sources
- IFC official website, About IFC. https://www.ifc.org/en/about. Retrieved 23 September 2026.
- The Africa Report, World Bank chief Ajay Banga plans 2026 shake-up. https://www.theafricareport.com/394696/world-bank-chief-ajay-banga-plans-2026-shake-up/. Retrieved 23 September 2026.
- Devex, Devex Newswire: The inside scoop on the World Bank’s internal restructuring plan. https://www.devex.com/news/devex-newswire-the-inside-scoop-on-the-world-bank-s-internal-restructuring-plan-111050. Retrieved 23 September 2026.
Get complete shareholder and officer records, ultimate beneficial owner resolution, and ongoing ownership monitoring.
Frequently Asked Questions
What is International Finance Corporation (IFC)?
International Finance Corporation, or IFC, is a treaty-based international financial institution and a member of the World Bank Group, established in 1956 to provide investment and advisory support to private-sector companies and projects in developing economies.
Where is International Finance Corporation headquartered?
IFC is headquartered in Washington, D.C., United States, according to IFC official website.
Is International Finance Corporation a normal private company?
No. IFC is an international organisation created by its own Articles of Agreement among member-country governments, not a company registered under a national companies registry, so it has no conventional company-registration number or incorporation date.
Why does this profile show Mozambique (MZ) as the country code for International Finance Corporation?
The on-file country code appears to be a data-classification artifact rather than a statement that this record covers only IFC Mozambique operations. IFC global headquarters is in Washington, D.C., and the website on file, www1.ifc.org, is IFC global corporate site. IFC does run a country office in Maputo, Mozambique, covering Mozambique alongside Comoros, Eswatini, Madagascar and Seychelles, but no Mozambique company-registration number or incorporation date is present on this record to support treating it as a distinct Mozambique legal entity.
When was International Finance Corporation established?
IFC was established in 1956 under its own Articles of Agreement as a sister institution to the International Bank for Reconstruction and Development (IBRD).
What does International Finance Corporation do?
IFC provides loans, equity investments, guarantees, risk-management products and advisory services to private-sector companies and projects in developing economies, investing on business terms and taking on full commercial risk without government guarantees.
Who owns International Finance Corporation?
IFC is owned by 186 member-country governments, which subscribe capital stock in the institution; it has no private or corporate shareholders in the ordinary sense.
Who are the largest shareholders of International Finance Corporation?
As of 30 June 2025, the largest shareholders of IFC by voting power were the United States at 17.11%, Japan at 7.11%, Germany at 4.99%, the United Kingdom at 4.69% and France at 4.69%, per IFC FY2025 Information Statement.
Who is the President of International Finance Corporation?
Under IFC Articles of Agreement, the President of the World Bank Group also serves as President of IFC. That position has been held by Ajay Banga since 2 June 2023.
Who is the Managing Director and Chief Executive Officer of International Finance Corporation?
Makhtar Diop holds the role of Managing Director and Chief Executive Officer of IFC, based on IFC official leadership page as reviewed for this research.
How is International Finance Corporation governed?
IFC is governed through a Board of Governors, with one governor and one alternate appointed by each of its 186 member countries, and a Board of Directors of 25 directors whose voting power is weighted by the share capital each director represents.
Is International Finance Corporation part of the World Bank?
IFC is one of five institutions in the World Bank Group, alongside IBRD, IDA, MIGA and ICSID. IFC describes its relationship to IBRD as a sister institution, not a parent or subsidiary, since each institution has its own Articles of Agreement, membership and capital stock.
What is International Finance Corporation total capital?
As of 30 June 2025, IFC reported total capital of 40.9 billion US dollars, including 15.3 billion US dollars in retained earnings, and held AAA and Aaa long-term credit ratings from major rating agencies.
Has International Finance Corporation structure changed recently?
Effective from January 2026, IFC began consolidating certain knowledge and corporate functions with IBRD and IDA under a World Bank Group reorganisation announced by President Ajay Banga in 2025, while each institution retained its own legal structure and lending mandate.
Does International Finance Corporation have a registration number?
No conventional national company-registration number applies to IFC, since it was created directly by an international Articles of Agreement rather than registered with a national companies registry.