Tag: IFC

IFC Invests in EcoRodovias to Make Brazil’s Road Transport More Competitive and Sustainable

Stuart Mitchell

To make Brazil’s road transport more affordable with lower toll tariffs and lesser toll processing time, and support Brazil’s capital markets, IFC is investing BRL400 million (around $78 million) in a bridge corporate debenture issued by Concessionária de Rodovias Noroeste Paulista S.A (EcoNoroeste), an indirect subsidiary of EcoRodovias Infraestrutura e Logística, the leading Brazilian toll road operator. The financing supports the development of the road sector while continuing to attract private sector participation in toll roads. Roads are the backbone of Brazil’s transport and logistics matrix, handling around 65 percent of…

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IFC and Bank of Africa Group Deepen Partnership to Boost SME Financing in Africa

Stuart Mitchell

To support economic activity and job creation in 10 countries across sub-Saharan Africa, IFC has announced an investment in a risk-sharing facility for the Bank of Africa Group (BOA) that will ease access to finance for smaller businesses, including those in fragile and conflict-affected countries and in the Sahel. IFC will invest $77 million in the risk-sharing facility to scale up BOA’s lending to small and medium enterprises (SMEs), including women-owned businesses, in Benin, Burkina Faso, Côte d’Ivoire, Ghana, Madagascar, Mali, Niger, Senegal, Tanzania, and Togo. IFC’s investment will guarantee…

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Pinsent Masons advises IFC on landmark investment in Mongolia’s first ever green bond issuance

Stuart Mitchell

Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its investment in Mongolia’s first ever green bond issuance. The firm advised on IFC’s investment, alongside Dutch entrepreneurial development bank, FMO, and US-based microfinance investor, MicroVest Capital Management, in Khan Bank’s US$60 million issuance of five-year green bonds.     Khan Bank, Mongolia’s largest commercial financial institution, will use funds raised by the issuance to grow its climate portfolio by funding projects that support renewable energy, energy efficiency, climate-smart agriculture, and sustainable building and mobility. IFC’s investment supports Mongolia’s…

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ILO and IFC scale up collaboration on social issues in private investments

Stuart Mitchell

The International Labour Organization (ILO) and the International Finance Corporation (IFC) plan to strengthen their collaboration to enhance the focus on social issues in Environmental, Social, and Governance (ESG) efforts related to private investments. The enhanced partnership aims to promote decent private sector jobs and social inclusion in places that need it most. Relying on social standards, the priority themes include promoting gender equality in the workplace and addressing gender-based violence at work; supporting the creation of quality green jobs of the future and scaling up joint efforts to improve…

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New Roadmap from IFC and Partners Outlines Net-Zero Pathways for Mining Green Tech Metals

Stuart Mitchell

The International Finance Corporation (IFC) launched the Net-Zero Roadmap for Copper and Nickel Mining Value Chains, a new solutions guide aimed at decarbonizing the mining of critical minerals. Copper and nickel are key components of green energy technologies needed to combat climate change, including solar panels, batteries, and wind turbines. According to the roadmap, the world will need to increase copper and nickel production by 200–300 percent to reach global climate targets by 2050. But emissions from copper and mineral production processes are expected to double by 2050 unless a…

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