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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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