IFC - International Finance Corporation

Published purpose

This grant represents Canada’s institutional support to the Facility for Investment Climate Advisory Services (the Facility) trust fund. The Facility uses these funds, along with other donors’ funding, to achieve its mandate. The Facility’s mandate is to stimulate private sector investment in developing countries. It aims to achieve this by facilitating reforms to the business investment climate. Such reforms foster open, productive and competitive markets and improve the conditions for private investments in sectors that contribute to economic growth and poverty reduction. The Facility is a multi-donor trust fund managed by the International Finance Corporation, the private sector arm of the World Bank Group. It is the only global program specialized in strengthening the investment climate for domestic and foreign investors in developing countries.