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IFC Celebrates 30 Years in China

Beijing, October 30, 2015— IFC, a member of the World Bank Group, marked the 30th anniversary of its operations in China on Friday, renewing its commitment to expanding private sector partnerships and encouraging innovation in the country.
Over 300 guests—government officials, business partners, and IFC clients—participated in an international forum to celebrate the anniversary. Ten distinguished panelists discussed the pivotal role of private sector investment in economic growth and shared their perspectives on the early years of reform in China and the country’s future as a world economy.
“As China assumes an increasingly significant role in global growth, IFC will build upon its 30-year track record of strong development results and sound financial returns,” said Jin-Yong Cai, IFC Executive Vice President and CEO. “We will continue our efforts to drive sustainable growth, which will create jobs and boost prosperity.”
"IFC's engagement has contributed much to China's development efforts during the past 30 years," said Jiayi Zou, Assistant Minister of Finance. "We look forward to further strengthening our partnership with IFC, as we work together to support private sector development and achieve prosperity for all."
“We greatly value our long-term relationship with IFC,” said Liu Yonghao, Chairman of New Hope Group, an IFC client. “We believe IFC will continue to play an important role in helping Chinese companies grow domestically and internationally.”
Since 1985, IFC has invested more than $10 billion in over 300 projects in key sectors including agribusiness, finance, health, and infrastructure , using its capital, expertise, and influence to create opportunities where they are needed most.
Looking forward , a vibrant private sector is critical to sustaining relatively fast growth in China. IFC is committed to leveraging new opportunities to achieve even greater impact.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence, to create opportunity where it’s needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org
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