IFC Sample Clauses
The IFC (International Finance Corporation) clause typically refers to provisions in contracts that address the involvement or requirements of the International Finance Corporation, a member of the World Bank Group. Such clauses may specify compliance with IFC's environmental, social, and governance standards, or require parties to adhere to certain reporting and operational guidelines set by the IFC. The core function of this clause is to ensure that projects or transactions financed or supported by the IFC meet its rigorous standards, thereby promoting responsible investment and reducing risks related to non-compliance with international best practices.
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IFC. IFC is conducting a business development project that focuses on areas such as strengthening corporate governance and encouraging lease financing, as well as an initiative to determine the state of SME development in Georgia and significant legal and other barriers facing Georgian SMEs. Although IFC has previously sponsored investments in businesses in Georgia, the target internal rates of return and sizes of investments have exceeded the typical investment the GRDF is expected to pursue. The IFC business development efforts will complement and reinforce the Investment Fund Activity’s efforts to improve the business climate.
IFC. Industry Foundation Classes, open sharable standards for building information as defined by the buildingSMART alliance, National Institute of building Sciences, Washington, DC. ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/compliance/certified-software
IFC. Borrower 1 and the Bank wish to enter into this Agreement and therefore agree as follows: