 The IFC fulfills a treasury role by borrowing international capital to fund lending activities . It is usually one of the first institutions to issue bonds or to do swaps in emerging markets denominated in those markets ' local currencies . The IFC 's new international borrowings amounted to $ 8 @.@ 8 billion in 2010 and $ 9 @.@ 8 billion in 2011 . The IFC Treasury actively engages in liquidity management in an effort to maximize returns and assure that funding for its investments is readily available while managing risks to the IFC . 
