01603cas a2200229 a 4500 AALejournalIMF011554 230101c9999 xx r poo 0 0eng d 9781616353308 0145-1707 BD-DhAAL BD-DhAAL International Monetary Fund. External Relations Dept. Finance and Development, September 1977. Washington, D.C. : International Monetary Fund, 1977. 1 online resource (48 pages) Finance and Development <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper highlights that since its inception in 1956, the International Finance Corporation (IFC) has invested more than USD 1.7 billion in nearly 300 enterprises in 62 developing countries in total projects costing about USD 9 billion. The IFC is the affiliate of the World Bank, which has been given the specific task of furthering economic development by encouraging the growth of productive private enterprise in developing countries. The paper underscores that IFC plays an essentially catalytic role in generating investment funds from local and foreign sources. Mode of access: Internet Finance and Development; Finance and Development ; No. 0014/003 Full text available on IMF http://elibrary.imf.org/view/journals/022/0014/003/022.0014.issue-003-en.xml IMF e-Library