 The IFC operates a Syndicated Loan Program in an effort to mobilize capital for development goals . The program was created in 1957 and as of 2011 has channeled approximately $ 38 billion from over 550 financial institutions toward development projects in over 100 different emerging markets . The IFC syndicated a total of $ 4 @.@ 7 billion in loans in 2011 , twice that of its $ 2 billion worth of <unk> in 2010 . Due to banks <unk> from lending across borders in emerging markets , in 2009 the IFC started to syndicate parallel loans to the international financial institutions and other participants . 
