In the next fiscal year, the IFC
will continue to focus on projects with a high positive impact on development, in particular, aimed at minimizing the effects of climate change, expanding access to finance and creating jobs.
This will help build a vibrant private sector and lead to sustainable economic development in the Philippines, IFC
Philippines country manager Jane Yuan Xu said.
will have a representative on both the Sierra Rutile Limited and Iluka Investments (BVI) Limited Boards;
"Green Banking is a key priority for IFC
globally, and, through this engagement IFC
is excited to leverage its global experience in Green Banking to support Bank Alfalah in building capacity in green banking.
As a member of the World Bank Group, IFC
is the largest global development institution focused on the private sector in emerging markets.
issued the first Uzbek Soum-denominated bond in the international markets, raising UZS 80 billion - $10 million equivalent - to expand lending for micro, small and medium enterprises in Uzbekistan.
He said the government of Pakistan and IFC
have agreed, in principle, to set up the proposed Pakistan Infrastructure Bank (PIB), with 20% equity stake each.
He observed that the IFC
can support Pakistan's energy sector projects by channeling private investment to this sector.
The financing package consists of a USD 50m equity investment from IFC
and a USD 50m equity investment from GIF, managed by AMC.
viewers show a visualization of the building represented by the IFC
In a statement Friday, IFC
said the power plants currently being built in the municipalities of La Carlota, Manapla and San Carlos also secured investment from the IFC-Canada Climate Change Program of the Canadian government and the Clean Technology Fund, a financing instrument under the Climate Investment Funds that 'provides developing countries with incentives to scale up the demonstration, deployment, and transfer of technologies that have high potential for long-term greenhouse gas emissions savings.'