IFC
IFC, Bank of the Lao PDR strengthen partnership to boost green finance, achieve climate goals
The collaborative effort to boost green finance between IFC and the bank has been strengthened with a new cooperation agreement signed on Tuesday. This enhanced partnership aims to accelerate necessary reforms to develop guidelines and standards to attract the green capital the country needs to drive its economy and create jobs while promoting a greener…
December 12, 2023
UK-IFC’s MAGC receives $45M in funding expansion to support green construction practices in emerging economies
The United Kingdom Government has announced an expansion of funding for climate projects, including the UK-IFC Market Accelerator for Green Construction (MAGC) Program, to significantly elevate green construction practices in over 20 emerging and developing economies. This expansion will provide an additional £36 million ($45.15 million) to the program.
December 6, 2023
News,Asia,Sustainability,Singapore
ACP, IFC, MAS and Temasek establish green investments partnership in Asia
Allied Climate Partners (ACP), International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS) and Temasek announced today the intent to establish a green investments partnership to address climate finance gaps and increase the bankability of green and sustainable projects in Asia, with an initial focus on Southeast Asia.
December 4, 2023
IFC to invest up to $15M in Indonesia’s Tawada Healthcare
The International Finance Corporation (IFC) said on Monday that it will invest up to $15 million in IDR equivalent in PT. Tawada Healthcare (Tawada Healthcare) to support the company's medical device and consumables distribution business while also enabling it to expand its manufacturing operations.
September 18, 2023
Asia,Sustainability,Investments
IFC doubles investments in Pakistan to $1.5B
IFC's projects in Pakistan aim to provide much needed jobs, increase productivity in the private sector, enhance gender inclusion, and address the impacts of climate change.
September 14, 2023
IFC & Indonesia’s FinTech platform Amartha partner to support women-owned micro-enterprises in Indonesia
The International Finance Corporation (IFC) and Amartha, an Indonesian microfinance fintech platform, have developed an innovative funding solution to boost access to finance for women-owned micro-enterprises.
September 14, 2023
IFC invests $500M in Bank BTPN to strengthen climate action and boost inclusive development in Indonesia
The International Finance Corporation (IFC), a member of the World Bank Group, will invest up to $500 million in Indonesian lender PT Bank BTPN Tbk (BTPN), comprising a social bond and a green bond issuance.
June 23, 2023
News,Electric Vehicles & Mobility
Gozem and IFC partner to empower 6,000 Moto-Taxi drivers in Togo and Benin
Gozem and IFC join forces to co-develop a $10 million project that will enable Moto-Taxi drivers in Togo and Benin to access affordable vehicle financing to purchase or rent bikes with the ultimate goal of increasing their take-home income. The project will also validate that electric bikes are a suitable replacement for the current petrol bikes and that…
June 13, 2022
FinTech,InsurTech,Blockchain / Crypto,Media / Streaming,eCommerce,Philippines,Analysis
Striking while the iron is hot: The Philippine venture scene is heating up and getting hotter
TechNode Global’s series on the Philippines will delve into why Filipino entrepreneurs and founders are attracting venture capital (VC) money in droves. In this second part, we explore the rise in Series B (and now, C) fundraising rounds out of the Philippines in 2021, and what it signals for the startup ecosystem as a whole. Seven founders share how much…
November 29, 2021
News,Investments,Indonesia,InsurTech
Indonesia InsurTech platform PasarPolis raises $5 million in equity financing from The World Bank Group’s IFC
PasarPolis aims to increase insurance penetration and literacy across the region, with plans to scale its Vietnam and Thailand markets this year.
February 4, 2021