International Finance Corporation (IFC)

The International Finance Corporation (IFC) is part of the World Bank Group and
was established in 1956 to encourage private sector-led growth in developing coun-
tries. It does this by financing private sector projects, helping companies mobilize
financing in international markets, and providing advisory services and technical assis-
tance to companies and governments. IFC’s practical experience with structuring
investments, appraising potential investees and nominating corporate directors allows
it to put corporate governance principles into action. IFC’s focus on good corporate
governance practices in client companies helps it both to manage risk and to add value
to firms in emerging markets.

Organisation of Economic Co-operation and Development (OECD)

The Organisation of Economic Co-operation and Development (OECD) is a
unique forum where the governments of 30 democracies work together to address the
economic, social and environmental challenges of globalisation, in close co-operation
with many other economies. One of these challenges is corporate governance, a topic
on which the OECD has developed internationally agreed Principles of Corporate
Governance, which have served as a basis for regional policy dialogue programmes
throughout the world. The Latin American Roundtable on Corporate Governance,
which meets annually, is one such initiative, organized by the OECD in partnership
with the IFC/World Bank Group and with the support of the Global Corporate
Governance Forum. In this way, the OECD provides a setting where governments and
other stakeholders can compare experience, seek answers to common problems, iden-
tify good practice and work to co-ordinate domestic and international policies.

Global Corporate Governance Forum (GCGF)

Co-founded by the World Bank Group and the Organisation for Economic Co-
operation and Development, the Global Corporate Governance Forum (GCGF) is an
advocate, a supporter, and a disseminator of high standards and practices of corporate
governance in developing countries and transition economies. Through its activities,
the Forum actively supports regional and local initiatives that address corporate gover-
nance by leveraging institutional support for reforms and initiatives that build local
capacity and by making available technical and advisory assistance drawn from its wide
network of international and private sector expertise. The Forum's donors include the
International Finance Corporation, and the governments of Canada, France,
Luxembourg, Norway, Sweden and Switzerland.