IFC and Microsoft partner to foster female entrepreneurship and opportunities for forcibly displaced populations in Brazil

Microsoft Participações is joining the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group, to boost female entrepreneurship and training and employability for forcibly displaced populations in Brazil. The partnership involves three complementary efforts: a public workshop to discuss how to address Environmental, Social and Governance (ESG) concepts in technology companies and startups at an early stage; a technical training program for female entrepreneurs, and the promotion of technological qualifications for forcibly displaced populations, aiming…

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IFC and the Hong Kong Monetary Authority Launch New Alliance to Address Climate Change

IFC, a member of the World Bank Group, has signed a new partnership with the Hong Kong Monetary Authority (HKMA) to encourage commercial banks in Asia to adopt strategies and targets to become greener. The signing of the agreement makes the HKMA the first partner to work with IFC on the initiative. As the founding member and first regional anchor for the Asia Chapter of the Alliance for Green Commercial Banks– a new initiative launched by IFC to help develop green commercial banks and encourage more green finance in order…

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Groundbreaking Study Examines Cost-Benefit of Workplace Responses to Gender-Based Violence

Pioneering research being undertaken in Papua New Guinea by IFC and the Business Coalition For Women will for the first time measure the costs, and crucially, also the benefits to businesses of workplace responses to gender-based violence.  The groundbreaking project, launched this month, aims to build evidence demonstrating the benefits to business of providing coordinated and comprehensive responses for employees affected by family and sexual violence. There has been a jump in the number of gender-based violence cases globally, with initiatives to prevent violence and protect people cut back, while…

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IFC Promotes Sustainable Development in Latin America and the Caribbean with Record Lending in Last Year

IFC, a member of the World Bank Group, committed a record $7.1 billion to support private sector development in Latin America and the Caribbean in fiscal year 2020, enabling investments to foster sustainable growth across the region, create jobs and fight the impacts of the COVID-19 pandemic. Out of the $7.1 billion invested in the fiscal year ending June 2020, the long-term financing in the region included a record $4 billion mobilized from other investors. IFC’s work with public-private partnerships contributed almost $1.2billion to this mobilization. Despite the challenges of…

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IFC Calls on Health Providers to Adopt Ethical Principles to Promote Improved Care and Access

IFC, a member of the World Bank Group, has launched an initiative to strengthen health systems by encouraging providers, payors, and investors to adopt a set of 10 ethical principles that can help guide decision-making and improve access to quality, affordable care for all. The initiative, known as EPiHC (Ethical Principles in Health Care), was developed  in collaboration with the World Bank and supports the World Bank Group’s commitment to universal health coverage. The principles laid out by EPiHC cover the primary issues that health care organizations need to address…

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