This essay INTERNATIONAL FINANCE CORPORATION has a total of 3097 words and 40 pages.
INTERNATIONAL FINANCE CORPORATION
International Finance Corporation Headquarters
April 25, 2004
Project # 00-001
April 25, 2004
International Finance Corporation
2121 Pennsylvania Avenue, NW
Washington, DC 20433
Attention : Mr. Bernard Pasquier, CEO
INTERNATIONAL FINANCE CORPORATION
I have completed a 7 week project on IFCs capability to support an earlier design process. This project was approved on March 12, 2004. In agreement to the original proposal dated March 6, 2004, the project was performed.
This report includes all research, surveys and interviews involved in the project. IFCs capability to support an earlier design process is based on a series of studies and observations. As a result, I have concluded that they have great capability to support an earlier design process by making a few adjustments to their work system.
Thank you for allowing me to complete this project. I look forward in performing future studies to observe the gradual development and improvement of the company.
TABLE OF CONTENTS
LIST OF ILLUSTRATIONS .. .. ........... 1
EXECUTIVE SUMMARY ... 4
INTRODUCTION . 5
Project Description .. 5
Study Methods ... . 5
Report Format ............................................................................................. 5
Article Research and Documentation .. 6
Analysis for Tests Conducted .. . .. 6
Interview with CEO ... .. . .. 6
Survey of Faculty. ... .. . .. 7
Personal Analysis . ... .. . .. 8
conclusion and recommendations .. 9
Conclusions .. . .... . .. 9
Recommendations. . ... . .. 9
Work citeD . 14
LIST OF ILLUSTRATIONS
1. Member Locations. . ... . .. 6
2. Survey Results ... . ... . .. 7
a. CEO Interview Questions .. ... 10
B. Survey Questions.... .. 11
C. IFC History .... .. .. .. 12
International Finance Corporation (IFC) promotes economic development in several member countries by providing loans and equity financing for private sector investment. The IFC is part of the World Bank group. The IFC was intrigued when Shaun Bush proposed to investigate the company potential to support early design processes. This study lasted for a period of seven weeks.
Bush conducted a total of two tests in which the company did fairly well. However, some areas were in need of improvement. Under the early design stage, the company needs to improve in areas including: minimizing their requirements, expanding employment and increasing office hours.
Bush suggests that (1) minimizing certain requirements would allow more to be done, with the work quality maintained. (2 & 3) Expanding employment and office hours permits the work to be completed at a faster pace while still being efficient. This will allow for more projects to be accomplished, and it will increase business productivity. With IFCs supervision and with the use of these guidelines the company will be able to expand to new opportunities.
Bush conducted a study on IFCs ability when it came to early design stages. This introduction describes the project, study methods used, and format for this report.
In order for IFC to become more efficient and successful as a company, they must upgrade their methods and system procedures every few years. IFC has an overall great system of procedure, but needs to improve in a couple areas if they truly wish to continue to succeed. By making these few changes the company will be able to compete with other companies at its full potential. Parts that were studied within the early design stage included submission of applicant, design criteria specification and requirements.
The purpose of this project was to solve problems within IFCs early design stage.
The studies and tests made were as follows:
· Company Research
· Interview with CEO
· Survey of faculty
· Personal Analysis
This report is comprised of three main sections:
1. Article Research and Documentation: an analysis made for all tests conducted.
2. Studies and Tests: evaluation and comparison of faculty and CEO response.
3. Conclusion and Recommendations
ARTICLE RESEARCH AND DOCUMENTATION
The company known as International Finance Corporation (IFC) promotes sustainable private sector investment when developing countries in an effort to reduce poverty. Its headquarters lies in Washington, DC. It was made in 1956 and is the biggest source for loans and equity financing in private sector projects all around the world(IFC 2004, What We Do). The company has 176 member countries, which determine its policies and approve all investments made. IFC is led by a group of representatives selected by its member countries. The companys focal point is to promote economic development by encouraging the growth of productive enterprise and efficient capital markets.
FIGURE 1 Member Locations
IFC finances projects in all types of industries and sectors, for example: manufacturing, infrastructure, tourism, health and education, and
Topics Related to INTERNATIONAL FINANCE CORPORATION
International development, United Nations Development Group, International Finance Corporation, IFC, World Bank Group, Industry Foundation Classes, EDGE, Uruguay River pulp mill dispute, Rezene Ayalew
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