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Press Releases - ifcextapps.ifc.org

In Beijing, IFC: Jing Yu Phone: (86) 10 5860 3062 E-mail: [email protected] Seoul, September 25, 2020—IFC and the Export and Import Bank of Korea have signed a new memorandum of understanding (MOU) which will expand their collaboration in developing countries and link Korean firms with more opportunities overseas.The agreement will focus on creating new jobs, promoting smart cities, boosting ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/CFF3383A9FBEE60E852585EE00019669


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Press Releases - ifcextapps.ifc.org

Cairo, Egypt, October 7, 2020—IFC, a member of the World Bank Group, today announced an investment in an Egyptian private equity fund to help improve access to capital for small-and medium-sized companies in the country, supporting their resilience, growth, and ability to create jobs amid the challenges of COVID-19.. IFC’s $25 million investment in the LCP Fund II, managed by Egypt-focused ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/962CF90B923D0C29852585FA00501BB0


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Press Releases - International Finance Corporation

Lusaka, Zambia July 15, 2019— IFC, a member of the World Bank Group, today announced a 200 million Zambian Kwacha (approximately $15 million) loan to Stanbic Bank Zambia, a wholly owned subsidiary of Standard Bank Group.The investment will help Stanbic Bank expand its lending to small and medium enterprises, with at least 25 percent of the loan earmarked for women-owned businesses in Zambia.

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/6BCF79B369D40D938525843800431C22


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Press Releases - ifcextapps.ifc.org

Dhaka, Bangladesh, October 22, 2020—IFC is helping to preserve thousands of jobs in Bangladesh through an investment in Prime Bank Limited to support small and medium enterprises (SMEs) and companies affected by the COVID-19 pandemic.A $35 million loan from IFC to Prime Bank will provide critical working capital to help SMEs continue their operations.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/EF52675852A600B58525860900384C06


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Press Releases - ifcextapps.ifc.org

Sofia, Bulgaria, July 31, 2020—IFC, a member of the World Bank Group, is supporting the Ministry of Transport of Bulgaria with a public-private partnership (PPP) agreement to improve Sofia Airport's operations and services to passengers and finance significant upgrades to its infrastructure, including building a new terminal under a concession model.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/6877C63AE2A8D55B852585B60046D1F4


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Press Releases - International Finance Corporation

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity.

https://ifcextapps.ifc.org/ifcext/Pressroom/IFCPressRoom.nsf/0/4FA0599D4983D23385257EC700254307


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Press Releases - International Finance Corporation

In Dakar Henri Mensah Phone: +221 338 597195 Email: [email protected] Abidjan, Cote d’Ivoire, March 4, 2020 — IFC, a member of the World Bank Group, today announced the signing of a EUR 303 million financing package for a new gas fired power project in Côte d’Ivoire.The new plant – called Atinkou – will boost power generation and supply in a country, where, as of 2017, only 66 percent ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/6285348C5B42014985258522003EFB9E


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Press Releases - International Finance Corporation

In Washington: Jay Pulizzi Phone: (202) 473-3031 E-mail: [email protected]: WASHINGTON, June 4, 2019—IFC, a member of the World Bank Group, and HSBC Global Asset Management today announced the creation of the first global green bond fund targeting “real economy” issuers in emerging markets, increasing access to climate finance and promoting the further development of green bond markets.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/14FEF5C7A7CACFCF8525840F002CA127


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Press Releases - ifcextapps.ifc.org

In Islamabad: Zia Ur Rehman Phone: +9251227963133 E-mail: [email protected]: Islamabad, Pakistan, July 2, 2020—IFC, a member of the World Bank Group, is making an equity investment of up to PKR 500 million (about $3.2 million) in Pakistan Mortgage Refinance Company Limited (PMRC), to catalyze affordable mortgage financing to help to address a critical gap in affordable housing.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/23A98FF295576AFA85258599003B619D


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Press Releases - ifcextapps.ifc.org

In Kyiv: Kateryna Chechel Phone: +380504416624 Email: [email protected] In Tbilisi: Tamar Barbakadze Phone : +995 32 223 43 00/01/02 E-mail : [email protected] Kyiv, Ukraine, June 25, 2020—IFC, a member of the World Bank Group, Ukraine’s Energy Efficiency Fund, and KredoBank signed agreements today to help increase energy efficiency in Ukrainian multi-family buildings.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/23D9AF6A395D556C8525859200311DA0


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Press Releases - International Finance Corporation

Nairobi, Kenya, August 18, 2020— IFC, a member of the World Bank Group, today announced a loan to the West Indian Ocean Cable Company Ltd (WIOCC) to help the telecoms infrastructure provider expand and improve affordable internet connectivity as it continues to serve over 30 countries in Africa. The $20 million loan is part of IFC’s global $8 billion fast-track COVID-19 response facility ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/77444393BFDBBE16852585C8004052B9


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Press Releases - ifcextapps.ifc.org

Lee Meddin Structured Finance Phone: (202) 473 4300 Email: [email protected] Patrick Leahy Information and Communication Technologies Phone: (202) 473-6245 Email: [email protected] Deal said to be largest-ever for domestic corporate bond market

https://ifcextapps.ifc.org/ifcext/Pressroom/IFCPressRoom.nsf/0/8A2A6B2EAD88067E85256C56006F15CA


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Press Releases - International Finance Corporation

Washington, D.C., July 29, 2020—In an effort to help developing countries fight the coronavirus pandemic with more masks, ventilators, test kits, and potential vaccines, IFC launched today a financing platform to increase the access of those countries to healthcare supplies. The $4-billion Global Health Platform will help address the severe shortage of medical supplies in developing countries.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/70763342FB27B761852585B40058C13A


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Press Releases - International Finance Corporation

Accra, Ghana, July 8, 2020 – IFC, a member of the World Bank Group, today announced a $5.2 million loan to Nyaho Medical Centre to support the Ghanaian health care provider’s expansion outside Accra and the upgrade of its existing hospital so it can better serve its patients. IFC’s loan, which comes as access to quality health services is more important than ever because of COVID-19 ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/5F2CD36CCB89F3AB8525859F00588D50


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Press Releases - International Finance Corporation

In Jakarta: M Shahreza Hoesin Phone: +622129948078 E-mail: [email protected]: Jakarta, August 1, 2018—IFC, a member of the World Bank Group, has committed US$150 million in a green bond issued by PT.Bank OCBC NISP Tbk (“Bank OCBC NISP”), one of Indonesia’s largest private sector banks.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/6A2B7BFB49B50C29852582DC001399F6


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Press Releases - International Finance Corporation

São Paulo, Brazil, July 20, 2018— The consortium Estrada do Feijão Bahia is the winner of the concession auction for the rehabilitation and maintenance of roads in the State of Bahia, in Brazil.The auction of BA-052, known as Estrada do Feijão (or “Bean Road”), was conducted yesterday in São Paulo by B3, the Brazilian stock exchange. . The winner consortium is formed by Paviservice ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/5188DDD447D93BD5852582D00062E2A8


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Press Releases - ifcextapps.ifc.org

Lima, Peru, September 23 rd 2020. The International Finance Corporation (IFC), member of the World Bank Group, and Compass Group have announced an alliance to channel working capital to hundreds of Peruvian companies, primarily micro and small enterprises (SMEs), from multiple economic sectors which have been severely impacted by the economic crisis generated by the COVID – 19 pandemic.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/29CB667B2AA90A43852585EC005D6BD3


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Press Releases - ifcextapps.ifc.org

Dhaka, October 20, 2020—A staggering 37 percent of workers in Bangladesh’s micro, small and medium enterprises (MSMEs) lost their jobs, either temporarily or permanently, in the space of one month, with 94 percent of MSMEs experiencing a sharp drop sales due to the impact of COVID-19. These are among the key findings of the COVID-19 Business Pulse Survey carried out in Bangladesh between ...

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/vwAllDocumentsByUNID_NL/525D30EBDFE382DA85258607003B954C


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Press Releases - International Finance Corporation

Washington DC, August 17, 2020 — IFC is mourning the loss of our dear friend and colleague Gabriel Goldschmidt, who at the time of his passing was serving as the IFC Regional Director for Latin America and the Caribbean. Gabriel had a positive impact on lives of countless IFC staff, clients and partners as he worked to promote development for nearly three decades.

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/4A140AEBF7EF1E53852585C7007CCD48


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Press Releases - International Finance Corporation

In Johannesburg: Pauline Delay Phone: +27 11 731 3048 E-mail: [email protected] In Lusaka: Carlyn Hambuba Phone: Email: [email protected] Lusaka, Zambia, November 17, 2017 – IFC, a member of the World Bank Group, together with the Bank of Zambia, today announced the launch of the collateral registry in Zambia, an innovative financial tool that will allow smaller businesses in the country ...

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/B9E4B17AB2D5EC9D852581DE006DA9B0


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Press Releases - International Finance Corporation

In Jakarta for IFC: M. Shahreza Hoesin Phone: +62 858 8811 8888 E-mail: [email protected] Jakarta, Indonesia, March 8, 2020—IFC, a member of the World Bank Group, has announced an investment of up to IDR 2.75 trillion (equivalent to $200 million), in privately-placed gender and green bonds issued by Bank OCBC NISP as part of the bank’s Sustainability Bond Program.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/FFBC31599BA4BBDB8525852500074CC0


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Press Releases - International Finance Corporation

Amy Conran Press Release No. 96/38 Phone: (202) 473-9119 Fax: (202) 676-0365: WASHINGTON, D.C., Oct. 11 -- The International Finance Corporation (IFC) and the Government of Japan have established a fund that will finance technical assistance activities and programs to support the private sector of developing countries and countries in transition.

http://ifcextapps.ifc.org/IFCExt/pressroom/IFCPressRoom.nsf/1f70cd9a07d692d685256ee1001cdd37/08e8f6494e5575d88525696c005dec07


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Press Releases - International Finance Corporation

In Sydney, Australia Camille Funnell Phone: +61 435011439 E-mail: [email protected] Suva, Fiji, February 13, 2019: IFC, a member of the World Bank Group, in co-operation with the Reserve Bank of Fiji (RBF) is working with industry representatives to develop Fiji’s corporate bond market. As a key step in the process, IFC, along with the RBF and the South Pacific Stock Exchange, is holding a ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/C03AFEB8D6E4829A852583A000185007


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Press Releases - International Finance Corporation

Antananarivo, Madagascar, July 11, 2018—IFC, a member of the World Bank Group, is helping Bonne Viande de Madagascar—or BoViMa—build a modern feedlot and slaughterhouse that is expected to help create an export market for zebu beef and goat meat while creating jobs and opportunities in one of the world’s poorest countries.. IFC is arranging $7 million in financing for BoViMa, including ...

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/5C144543A311D09F852582C7003052A8


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Press Releases - International Finance Corporation

Kathmandu, Nepal, June 30, 2020—IFC, a member of the World Bank Group, is providing a $25 million loan to NMB Bank, one of Nepal’s premier banks, to boost financing for green projects and small and medium enterprises (SMEs). The investment is expected to help expand NMB’s SME portfolio to over US$1 billion by 2025—creating up to 50,000 jobs over the next five years.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/DC0518640792B923852585970037413D


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Press Releases - ifcextapps.ifc.org

Karlis Salna, IFC Phone: +61 (0) 415090767/+1 (202) 9489933 E-mail: [email protected] Elenoa Baselala, IFC Phone: +679 9986303/+679 7882500 Email: [email protected] Suva, Fiji, October 21, 2020- A landmark agreement between Energy Fiji Limited (EFL) and IFC to deliver the largest solar project of its kind in the Pacific to date has been hailed a transformative step that will take the island ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/4893C7A33ECE9C9E8525860800062662


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Press Releases - International Finance Corporation

In Hanoi: Chu Van Anh Phone: (844) 3937- 8745 E-mail: [email protected] Hanoi, Vietnam, January 14, 2020—IFC, a member of the World Bank Group, is providing a financing package of $212.5 million to Vietnam Prosperity Joint Stock Commercial Bank.The funding will help VPBank expand its lending to small and medium enterprises (SMEs) and boost financing especially for climate-friendly projects.

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/E54757575EBC6511852584EF001B0435


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Press Releases - International Finance Corporation

In Hong Kong SAR, China: Tina Taheri Moayed Phone: +(852) 5502 7899 E-mail: [email protected]: Hong Kong SAR, China, August 24, 2020—Thousands of micro, small, and medium enterprises, and millions of farmers across Asia and the Pacific stand to benefit from the first phase of COVID-19 crisis response funding from IFC, a member of the World Bank Group.

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/0ED166FE49CB6C8F852585CE00064BC9


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Press Releases - International Finance Corporation

In Vienna: Basak Pamir Phone: +90 212 385 3075 E-mail: [email protected] Athens, Greece, January 15, 2018—IFC, a member of the World Bank Group, is becoming a shareholder in Hellas Direct, a pioneering Greek startup that is aiming to disturb the country’s insurance industry.The investment will help to diversify Greece’s financial sector and make car insurance available to more Greeks.

https://ifcextapps.ifc.org/ifcext/pressroom/IFCPressRoom.nsf/0/3D60441BE74766DB852582160048282D


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Press Releases - International Finance Corporation

In Washington Name: Aliza Marcus Phone: +1 202 473-9411 E-mail: [email protected] In Cairo Name: Mohamed Essa Phone: +254 701 961 045 E-mail: [email protected] Cairo, Egypt, November 23, 2019—IFC, a member of the World Bank Group, and IFHA-II Coöperatief U.A., a private equity fund focused on health care in Sub-Saharan Africa, today launched a $115 million holding company to acquire and integrate ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/A8BBA1AC927460BE852584BB002E6B6A


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Press Releases - International Finance Corporation

Lagos, Nigeria, September 1st, 2020 — IFC today announced a financing package to help Engee Manufacturing Limited, a leading Nigeria manufacturer of PET resin used in packaging for soft drinks, bottled water, and other household and pharmaceutical products, to build a Continuous Polymerisation PET Resin plant in Ogun state which would source more than 20 percent of its raw materials from ...

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/402FCDEE0B0BD750852585D60047CFBA


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Press Releases - International Finance Corporation

In Washington: Ahmed Badawi-Malik Phone: +1 (202) 458-7148 Fax: +1 (202) 974-4384 Email: [email protected] In Maputo: Issufo Caba Phone: + 258 1 49-28-41 Fax: + 258 1 49-28-93

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/ACA7D723674A5FA985256F32006E714B


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Press Releases - International Finance Corporation

Washington, D.C., January 29, 2019—IFC, a member of the World Bank Group, has appointed John Gandolfo as Vice President & Treasurer—a position in which he will play a key role in the institution’s efforts to build local capital markets and mobilize private capital to address the most urgent challenges of development. Gandolfo, whose appointment is effective February 16, 2019, will be ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/A0B1160C05A2213185258391004D43D1


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Press Releases - International Finance Corporation

In Johannesburg. Devon Maylie +27 83 782 9912. [email protected]: Johannesburg, South Africa, September 1, 2020 – IFC, a member of the World Bank Group, today announced a loan to FirstRand Bank Limited to enable increased financial and advisory support to energy-efficient and water-smart projects in South Africa, helping the country meet climate emission and other environmental targets.

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/D64C48A502FD6875852585D60034852B


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Press Releases - International Finance Corporation

In Johannesburg: Zibu Sibanda Phone: +1 (202) 413-6998 Email: [email protected] In Washington, D.C.: Abiola Johnson Phone: +1 (202) 473-0660 E-mail: [email protected] Washington, D.C., January 25, 2018—Using an innovative finance tool to spur more development in low-income countries, IFC, a member of the World Bank Group, announced today the completion of a $9 million investment that aims to ...

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/7E158950CE863FCB85258220002B0A5B


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Press Releases - International Finance Corporation

In Nairobi: Everlyne Situma Phone: +254 701 961 045 Email: [email protected] Luanda, Angola, November 8, 2019—IFC, a member of the World Bank Group, today opened an office in Angola to deepen its support for private sector development and economic diversification the country. IFC has been engaged in Angola since 1997 supporting smaller business, the financial sector, and manufacturing.

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/1f70cd9a07d692d685256ee1001cdd37/b92d2433c9506a3c852584ac00549c22


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Press Releases - International Finance Corporation

In Washington, D.C.: Mame Annan-Brown Phone: (202) 458-1055 E-mail: [email protected] Washington, D.C., November 1, 2017 - Today, Marcos Brujis assumes the role of CEO of IFC Asset Management Company LLC (AMC), a wholly-owned subsidiary of IFC that raises and manages third-party capital for investment in IFC member countries.Marcos was selected as AMC CEO after an international recruitment ...

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/DDC03352C3400505852581CB0072F075


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Press Releases - International Finance Corporation

In Hanoi: Chu Van Anh Phone: +844 3937 8745 E-mail: [email protected] Vientiane, Lao PDR, June 8, 2018 - IFC, a member of the World Bank Group, has partnered with Mekong Timber Plantations Limited (MTP) to provide advisory support to its outgrower plantation program that supports farmers engaged in sustainable plantation forestry businesses in Lao PDR.

https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/1f70cd9a07d692d685256ee1001cdd37/fb4123eaf9599086852582b10013b951


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Press Releases - International Finance Corporation

IFC: Pierre Mejlak Phone: (202) 458-2278 Email: [email protected] World Bank: Nicole Frost Phone: (202) 458-0511 E-mail: [email protected] WASHINGTON, D.C., March 17, 2020 — The World Bank and IFC’s Boards of Directors approved today an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid ...

https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/CCCB1EAC6F61E32C8525852E0068124B