OREANDA-NEWS. October 07, 2013. Governor Zhou Xiaochuan signed a memorandum of understanding on a co-investment program with President Jim Yong Kim of the World Bank Group to promote the cooperation between China and the International Finance Corporation (IFC) on the morning in Beijing.

On the signing ceremony, Deputy Governor of PBC and Administrator of SAFE (State Administration of Foreign Exchange) Yi Gang signed related agreements with IFC Executive Vice President and CEO Jin-Yong Cai.

Established in 1956, the IFC has 184 member countries. It is a member of the World Bank Group and the largest international development institution that focuses exclusively on the private sector. China has long-term cooperation with the World Bank Group. The IFC opened its office for investment and consultation business in China in 1992.