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Dubious Development: Read about how the International Finance Corporation, the private-sector lending arm of the World Bank Group, has lost site of its mission to reduce poverty and improve people's lives, focusing more on economic growth rather than quality of growth.
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Established in 1956, the International Finance Corporation (IFC) is the largest multilateral source of loan and equity financing for private sector projects in the developing world. The IFC is charged with reducing poverty and improving people's lives by promoting sustainable private sector investment in developing countries.

FoE is calling on the IFC to stop financing companies with poor environmental and social records until they change their practices and to ensure that its investments are environmentally and socially sound, demonstrate a positive developmental impact beyond just economic growth and are beneficial to the poor and the most marginalized.

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