IIFC is managed by a seven-member Board of Directors, with three directors from the public sector, three directors from the private sector and the Chief Executive Officer of IIFC, who is an exofficio member. The Secretary of the Economic Relations Division of the Ministry of Finance is the chairman of the Board of Directors. It had a total planned strength of 17 staff members. However, because of a reduction in funding by IDA, due to a two-year delay in operationalization of IIFC, IIFC has always had to function under severe staffing constraints. Consequently, it has operated primarily through managing consultants provided by donors.