What is the purpose of the IFC's Performance Standards?

The purpose of the IFC's Performance Standards is to minimize project-related environmental and social risks. These standards provide a framework for identifying, assessing, and managing risks and impacts associated with projects. They are designed to ensure that the projects financed by the International Finance Corporation (IFC) are conducted in a manner that respects human rights, promotes environmental sustainability, and ensures good social practices. By following these standards, project developers can mitigate potential negative outcomes on communities and the environment, contributing to more sustainable development.

The other options focus on different aspects that are not the core responsibility of the IFC. For example, maximizing profits for investors does not take into account the broader impact on social and environmental factors. Similarly, ensuring all projects are government funded does not align with the IFC's role in supporting private sector development. Measuring customer satisfaction, while important in various industries, is not the central aim of the IFC's Performance Standards which are more focused on sustainability and risk management rather than customer relations.