What is the primary purpose of the International Finance Corporation (IFC)?

The primary purpose of the International Finance Corporation (IFC) is to promote private sector investment in developing countries. This focus is integral to the IFC's mission of reducing poverty and enhancing shared prosperity by fostering economic growth through private enterprise. By supporting private sector projects, the IFC aims to stimulate private investment, create jobs, and contribute to the overall development of economies in low and middle-income countries.

Unlike government-focused funding options, the IFC specifically targets private entities, seeking to mobilize resources and expertise that can lead to sustainable economic development. By providing financial products and services, including investments and advisory services, the IFC plays a key role in helping to create a conducive environment for private investments, ultimately leading to economic development and improved living standards.

The other options, while relevant to broader themes in international development or finance, do not capture the core mission of the IFC as it specifically emphasizes the role of private sector participation in economic growth.