Company Overview of International Finance Corporation
International Finance Corporation is a private equity and venture capital arm of The World Bank Group specializing in startups, early stage, mid venture, late venture, late-stage and growth stage companies and also provides growth and expansion capital, mezzanine finance, leasing, microfinance, SME banking, agriculture finance, housing finance, insurance, debt and asset recovery, financial restructuring and rehabilitation, acquisition financing, rehabilitation, and debt refinancing, loans, equity, quasi-equity, trade & supply chain finance and syndications in Fintech sector. It seeks to invest in both direct and fund investments. The firm also invest through profit-participating loans, conve...
2121 Pennsylvania Avenue NW
Washington, DC 20433
Founded in 1956
Key Executives for International Finance Corporation
Executive Vice President and Chief Executive Officer
Head of Operations in the English-speaking Caribbean
General Counsel and VP for Environmental, Social, and Governance Sustainability and Compliance Risk
Vice President of Industries
Compensation as of Fiscal Year 2017.
International Finance Corporation Key Developments
International Finance Corporation Appoints Cheikh Oumar Seydi as Regional Director for the Entire Sub-Saharan Africa Region
Jul 13 17
International Finance Corporation (IFC), a member of the World Bank Group, has announced that Cheikh Oumar Seydi has assumed the role IFC's Regional Director for the entire Sub-Saharan Africa region effective July 1, expanding his leadership role for IFC. In order to further strengthen regional leadership IFC will add two Associate Director positions to support the delivery of the IFC strategy in Africa, which is central to the implementation of the global IFC 3.0 strategy. An Associate Director will soon be appointed for West and Central Africa, based in Dakar, and another will cover East and Southern Africa, based in Nairobi, reporting to the Regional Director. Mr. Seydi has held various positions at IFC, including Director of Human Resources for more than four years. He was previously Senior Manager for the Central Africa sub-region, responsible for overall management of IFC's investment and advisory operations in Cameroon, Central African Republic, Congo Republic, Chad, DRC, Equatorial Guinea and Gabon. Oumar joined IFC in 1997 as an Investment Officer focused on the chemicals sector in a department for oil, gas, mining and agribusiness. Before that he was a manager at Ernst & Young in New York, where he provided consulting services in restructuring, reorganization, corporate finance and business valuation. Earlier in his career, he spent five years at the United States Agency for International Development and gained experience in commercial banking and auditing in Senegal and Belgium.
the International Islamic Trade Finance Corporation and the International Financial Corporation Signs a Letter of Intent
Jul 12 17
The International Islamic Trade Finance Corporation and the International Financial Corporation signed a Letter of Intent for Partnership with the aim of intensifying and reinforcing their joint work and cooperation to achieve the Sustainable Development Goals (SDGs). The two institution will be working on a variety of topics including integrated trade programs and trade development initiatives. In particular, energy security programs in Africa and agriculture sector development programs in sub-Saharan Africa.
Investors To Reportedly Sell Stake In Utkarsh's Holding Firm
Jul 4 17
Early investors of Utkarsh Small Finance Bank‘s holding company are looking to partially exit their investments in the company as they look to book profits, said a report in The Economic Times. According to the report, private equity fund Aavishkaar Goodwell and impact investor International Finance Corp (IFC) plan to halve their stakes to 4% each from 8% currently in the holding company of Utkarsh Small Finance Bank, seven years after their initial investment in the company. “IFC and Aavishkaar had invested in the first six months. They are both looking to partially exit their investment because both these funds have a time frame within which they need to book profits,” the bank’s founder and managing director Govind Singh said. “IFC is at an advanced stage for the stake sale, and they may sell within the next few months. Both these will sell about half of their stake and we will support them in this transaction. Norwegian Microfinance Initiative (NMI) is also contemplating a sale but not immediately,“ Govind Singh said.
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