International Finance Corporation (IFC) finances construction projects. These projects can include schools, hospitals, affordable housing, and transportation infrastructure. The IFC supports construction projects that contribute to sustainable economic growth, improve living standards, and create jobs.

Here are several ways the IFC finances construction projects, including social construction:

1. Direct investment: The IFC provides long-term loans, equity investments, and quasi-equity instruments to construction companies or projects. These investments support the growth and development of businesses, promote technological innovation, and expand access to capital in emerging markets.
2. Syndicated loans: The IFC can act as a lead arranger in syndicated loan transactions, pooling resources from multiple financial institutions to provide large-scale financing for construction projects. This approach allows the IFC to share risks and mobilize additional private sector capital for projects with substantial capital requirements.
3. Risk-sharing facilities: The IFC can establish risk-sharing facilities to provide partial credit guarantees or risk-sharing arrangements for construction projects. These facilities help reduce risks for lenders, making it more attractive for them to provide financing to projects in the construction sector.
4. Advisory services: The IFC offers advisory services to governments and private sector entities involved in construction projects. These services may include technical assistance, capacity building, policy advice, and support in creating an enabling environment for investments in the construction sector.
5. Public-Private Partnerships (PPPs): The IFC can help structure and finance PPPs for construction projects, including social construction, that involve collaboration between governments and private sector partners. These partnerships can mobilize private capital, expertise, and innovation to deliver essential public services, infrastructure, and facilities.
6. Blended finance: The IFC works with other development finance institutions, multilateral organizations, and private sector partners to create blended finance structures. These structures combine concessional (lower-cost) funding with commercial financing to support construction projects that may be perceived as high-risk or have a significant development impact.
7. Green bonds and other thematic bonds: The IFC also issues green bonds and other thematic bonds to raise capital for projects addressing specific development challenges, such as climate change and gender equality. Proceeds from these bonds can be used to finance construction projects that contribute to sustainable development goals, such as energy-efficient buildings or social infrastructure that benefits underserved communities.
8. Guarantees: The IFC can provide guarantees to construction project lenders or investors, covering a range of risks including political risks, regulatory risks, and financial risks. These guarantees help to create an enabling environment for private investment in construction projects, including social construction.

In summary, the International Finance Corporation employs a variety of financial instruments and partnerships to finance construction projects, including social construction, in developing countries. These projects aim to foster sustainable economic growth, improve living standards, and create jobs in line with the IFC's mission to alleviate poverty and boost shared prosperity.