The financial definition for International Finance Corporation (IFC):
A corporation owned by the World Bank that produces a number of well-known stock indexes for emerging markets. Its major role is to provide financing for projects in less developed countries.
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Bank for International Settlements (BIS)
Bank for International Settlements (BIS) An international bank headquartered in Basel, Switzerland, which serves
as a forum for monetary cooperation among several European central banks,
the Bank of Japan, and the US
Federal Reserve System. Founded in 1930 to handle the German payment of World War I reparations, it now monitors and collects data on international
banking activity and promulgates rules concerning international bank regulation.