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International finance institutions (IFI) play a key role in catalyzing job creation and growth through the private sector in emerging markets, particularly as governments face increased pressure on public resources, according to a recent report by the World Bank.
The report noted as key findings that IFIs provide the private sector in developing countries with critical capital and knowledge, help companies set standards and manage risk, catalyze additional financing from other private sector players, and support entrepreneurship and innovation.
The Inter-American Investment Corporation (IIC) and the Multilateral Investment Fund (MIF), members of the IDB Group, participated in producing the report, which involved in total 31 international financial institutions.
To see the IDB press release on the report, go to this link