Tag: International Finance Corporation

European financial institutions are grappling with significant climate-related risks, leading to substantial financial losses and regulatory pressures. To address these challenges, the International Finance Corporation (IFC) has launched a groundbreaking...

The International Finance Corporation (IFC) and Citi have unveiled a $2 billion program to bolster sustainable supply chain finance in emerging markets. The initiative, starting with a $500 million facility...

BBVA achieved a new milestone in sustainable business, channeling €26 billion in the second quarter of 2024. This marks a record for the Group, contributing to a total of €46...

A new IFC investment will help address critical infrastructure gaps, facilitate trade, and boost access to renewable energy in Asia and Africa, helping support job creation, foster GDP growth and...

IFC, the private sector arm of the World Bank, signed an agreement with the government of Switzerland to begin the second phase of the Sustainable Cities program, which supports green...

To support the development of certified green buildings in South Africa, IFC announced a partnership with Absa Bank Limited to help the bank expand its residential and commercial loans and...

IFC is joining forces with the Banking Association South Africa (BASA) to help increase climate finance in the country and pave the way for a transition to a low carbon...

To improve the quality of infrastructure at Cabo Verde’s seven airports, and help them reduce greenhouse gas emissions, IFC announced a sustainability-linked financing package for Cabo Verde Airports SA, a...

A landmark new investment by IFC is aiming to boost access to finance for Türkiye’s SMEs–with a focus on women-owned smaller businesses and those helping the country adapt to climate...

A targeted IFC investment aims to increase access to residential mortgages in Romania while helping mitigate climate change and strengthen the country’s banking sector. IFC is providing EUR 100 million...

IFC announced the appointment of Mary Porter Peschka as its new Regional Director for Eastern Africa. Peschka, who brings more than 30 years of global investment and development expertise to...

The International Finance Corporation (IFC), a member of the World Bank Group, announced the signing of a green and sustainability-linked loan to ENGIE Energía Chile. This financing, for a total...

IFC and First Balfour, a leading engineering and construction company in the Philippines, have agreed to collaborate to ramp up efforts to decarbonize the transport sector, supporting the country’s climate...

Annual clean energy investments in emerging and developing economies will need to more than triple from USD 770 billion in 2022 to as much as USD 2.8 trillion by the...

BBVA and IFC, a member of the World Bank Group, announced the launch of Colombia’s first blue bond at the 2023 Banking Convention in Cartagena. The first tranche is for $50...

To protect Thailand’s blue economy and scale up financing for green projects, IFC is subscribing to a $400-million green and blue bond issued by Bank of Ayudhya Public Company Limited...

IFC announced an equity investment of $20 million in Boston Metal to support commercialization of the startup’s breakthrough technology aimed at eliminating carbon dioxide emissions from steel production. IFC’s investment...