International Finance Corporation (IFC) News
6 articles
IFC invests USD 400 mln in HDFC to support green housing finance
IFC Investment to Boost Access to Finance for Green Housing in Türkiye
IFC's Green Shifts Base to Pacific Islands to Drive Private Sector Solutions Amid Climate Crisis
The International Finance Corporation (IFC) is shifting its base to the Pacific Islands to drive private sector solutions amid the climate crisis. The article highlights the IFCs focus on addressing climate change and promoting sustainable development in the region. The move to the Pacific Islands is seen as a growth-positive step for the company, as it allows them to work closely with local partners and stakeholders to implement climate-friendly initiatives. The key theme of the article is the IFCs commitment to driving private sector solutions in response to the climate crisis. The article does not mention any specific partners or customers involved. No valuation amount, acquisition amount, or investment amount is mentioned. The article does not mention any layoffs or management changes. The date of the event described in the article is not provided. Confidence level: 8/10.
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Amid Unprecedented Challenges in Europe, IFC Supports Private Sector with Over $1 Billion, Ramps up Response to War in Ukraine
The article does not provide any information or content.
World Bank Affiliate IFC Backs Blockchain for Carbon Credits
IFC, a World Bank affiliate, is supporting a blockchain-enabled platform for trading carbon credits. The finance firm believes that blockchain can boost the use of carbon offsets in emerging markets. IFC has launched the Carbon Opportunities Fund, partnering with Aspiration, Chia Network, and Cultivo. The fund, seeded with $10 million, will buy carbon credits from selected projects and tokenize them using Chias blockchain technology. The World Banks Climate Warehouse will track the tokenized credits. IFC aims to attract institutional investors to climate-friendly projects and set a benchmark for the market. Carbon credit markets are unregulated, but companies and countries are using offsets to reach net zero emissions targets.
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International Finance Corporation appoints Ruth Horowitz as Asia chief
The International Finance Corporation (IFC), the private lending arm of the World Bank Group, has promoted Ruth Horowitz as its new regional vice president for Asia and the Pacific. Horowitz, a veteran investment professional and former Lehman Brothers senior executive, will be leading IFC’s investment and advisory operations across Asia and the Pacific. She stated that climate will be her top priority for the region. IFC has committed US$1.2 billion to support climate projects across East Asia and the Pacific region. However, IFC has been under scrutiny for its investment practices in the region, including backing microlenders in Cambodia and financing coal-fired power plants in the Philippines.
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