Quotas: Each member has to contribute a quota to fund. The size of the quota depends upon the national income and share in international trade of that country. The quota is made up of 75 % in the country's currency and 25 % in gold.
Maintaining exchange stability among the members countries
Borrowing: The credit facility has been raised up to 45 % of one’s quota over a three years period.
Correcting Balance of Payment (A balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world. These transactions include payments for the country's exports and imports of goods, services )
Interest charges: It charges interest on the credit provided to member countries.
This was emerged as a result of the “Economic Commission For Asia and Far East” held in Manila in December 1963.
It was decided that the capital formation in the developing countries is not possible through domestic savings only and capital should be made available to the low income countries by establishing a bank.
Established in 1956, IFC is the largest multilateral source of loan and equity financing for private sector projects in the developing world. It promotes sustainable private sector development primarily by:
Financing private sector projects and companies located in the developing world.
Helping private companies in the developing world mobilize financing in international financial markets.
Providing advice and technical assistance to businesses and governments.
The International Finance Corporation ( IFC ) promotes sustainable private sector investment in developing countries.
IFC is a member of the World Bank Group and is headquartered in Washington, DC. It shares the primary objective of all World Bank Group institutions: to improve the quality of the lives of people in its developing member countries.
IFC has 182 member countries , which collectively determine its policies and approve investments. To join IFC, a country must first be a member of the International Bank for Reconstruction and Development (IBRD). IFC's corporate powers are vested in its Board of Governors, to which member countries appoint representatives.