IFC
IFC to invest $105M in Brookfield’s Bikaner solar power project
International Finance Corporation (IFC) has committed to part finance a 550 megawatt peak (MWp) solar power project in Bikaner, Rajasthan being developed by Brookfield Asset Management with $105 million through long-term non-convertible debentures.
June 18, 2024
IFC provides $150M loan for Yondr’s data center in Malaysia
International Finance Corporation (IFC), a member of the World Bank Group, has on Wednesday announced a senior loan of $150 million to help finance construction of the first phase of a 300 megawatt IT load, 72.5-acre data center campus by the global data center operator Yondr Group.
May 29, 2024
IFC invests $5M in New Sturgeon Capital Fund to support tech startups across Central Asia
To promote digital economies and support the growth of early-stage tech startups in Central Asia, the International Finance Corporation (IFC) will invest up to $5 million in Sturgeon Emerging Opportunities II, LP, a new venture capital fund managed by Sturgeon Capital, a major venture capital investor.
May 15, 2024
IFC and EU partners with Commercial Bank of Ceylon to scale up green finance in Sri Lanka
In a move to spur sustainable investments in Sri Lanka, the International Finance Corporation (IFC) and the European Union (EU) have partnered with the Commercial Bank of Ceylon (CBC) to scale up green finance, supporting the country's commitments towards a low-carbon economy.
May 14, 2024
IFC invests in Türk Ekonomi Bankası to enhance access to finance for climate-focused, women-owned smaller businesses in Türkiye
The International Finance Corporation (IFC) has embarked on a new investment in Türk Ekonomi Bankası A.Ş. (TEB), a private bank primarily serving corporate customers and small enterprises, aims to bolster access to finance for small and medium enterprises (SMEs), with a focus on climate mitigation and adaptation projects, women-owned businesses, and…
May 10, 2024
IFC provides $30M to M bank to increase digital lending for women and small businesses in Mongolia
International Finance Corporation (IFC) announced Wednesday that it has provided $30 million to M bank, Mongolia's first digitally focused bank, to increase digital lending for women and small businesses in the country.
May 10, 2024
News,FinTech,Thailand,Asia,Indonesia
IFC partners KB Kookmin Card to launch $150M financing initiative in Indonesia, Thailand
The International Finance Corporation (IFC) has partnered South Korean credit card-issuing company KB Kookmin Card Co. (KBC) to launch $150 million financing package in Indonesia, Thailand.
April 29, 2024
IFC, Amundi raise $436M to support green, resilient, inclusive recovery in emerging markets
The International Finance Corporation (IFC), a member of the World Bank Group, and Amundi, an European asset manager, have raised $436 million to support green, resilient, inclusive recovery in emerging markets
April 19, 2024
IFC and DBS launch $500M facility to promote trade flows in emerging markets
The World Bank's member International Finance Corporation (IFC) and Singapore-based lender DBS Bank Limited (DBS) have signed a $500 million facility under IFC’s Global Trade Liquidity Program (GTLP). 20 percent of the facility will be allocated to climate-eligible trade transactions
April 5, 2024
IFC report urges FinTech firms to target women customers in emerging markets for financial inclusion
The survey findings also show that women still make up a minority of FinTech portfolios, with 63 percent of the lending-focused FinTech firms reporting that women-owned small and medium sized enterprises (SMEs) make up less than a quarter of their portfolio.
March 18, 2024