IFC

IFC stands for Industry Foundation Classes in the context of building information modeling (BIM). It is an open, neutral data model and file format designed to enable interoperability in the architecture, engineering, construction, and facilities management industries. Maintained by buildingSMART International, IFC is standardized as ISO 16739 and describes elements such as projects, sites, buildings, storeys, spaces, products, and processes, along with their geometries and properties. The model enables software applications to exchange information about building projects throughout the lifecycle, from design and fabrication to construction and operation, reducing data loss and duplication across disparate systems.

IFC may also refer to the International Finance Corporation, a member of the World Bank Group established in 1956 to support private sector development in developing countries. The IFC provides investments, advisory services, and mobilization of capital to projects that meet its sustainability and development objectives. It finances a broad range of sectors including infrastructure, manufacturing, agribusiness, and financial markets, and emphasizes environmental and social standards as part of project appraisal and monitoring. The IFC uses loans, equity investments, loan guarantees, and advisory services, and collaborates with public sector institutions and private financiers to crowd in capital.

Because IFC is an acronym with multiple meanings, context usually indicates which one is meant. In addition to the two above, the term may refer to other organizations, standards, or programs in different domains.