Best sovereign/supranational/agency borrower: International Finance Corporation

The International Finance Corporation is only a small part of the World Bank organization, with a modest annual financing requirement. But it does pioneering work in developing local bond markets and its own benchmark dollar deals are of high quality.

The world’s best borrowers in 2006

Nina Shapiro, vice-president of finance and treasurer of the International Finance Corporation Shapiro, IFC: takes market development seriously

Nina Shapiro, vice-president of finance and treasurer of the International Finance Corporation, argues that the supranational has taken a consistent and strategic approach to both its US dollar global programme and domestic emerging market currency transactions. The IFC’s key strategic objectives are secure and cost-effective US dollar funding and to build capital markets development in member countries as part of its wider mandate to boost the development of the private sector in developing countries.

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