Tag: IFC

Emerging Market Green Bonds Report 2023: Green bonds issuance in emerging markets increased 34% in 2023

Stuart Mitchell

Amundi, the leading European asset manager, and IFC, a member of the World Bank Group, today published the sixth edition of the Emerging Market Green Bonds Report that provides developments in the green bonds market for emerging markets and developing economies (EMDEs). The report focuses on green bonds issuances in EMDEs as well as the overall sustainable bonds market’s growth, perception and outlook. Against the backdrop of broadly favorable financial market developments, the overall market for sustainable finance in EMDEs staged a rebound in new debt issuance during 2023 on…

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IFC and Amundi Raised $436 million to Support Green, Resilient, Inclusive Recovery in Emerging Markets

Stuart Mitchell

IFC, a member of the World Bank Group, and Amundi, the leading European asset manager, announced the final closing of the SEED, which stands for – Sustainable Emerging Economy Development Debt (the “Fund“), a sub-fund of Amundi Planet II, SA SICAV-RAIF. Launched in 2021 on the sidelines of COP26 in Glasgow, the fund has raised $436 million from institutional investors, including IFC, Alecta, Cassa Depositi e Prestiti (“CDP“), and APK-Pensionskasse, thereby mobilizing private investment in emerging market sustainable bonds, with the objective of promoting a green, resilient, and inclusive economic…

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IFC and Standard Bank Partner to Support Renewable Energy and Affordable Housing in South Africa

Stuart Mitchell

To increase access to finance for renewable energy and affordable housing in South Africa, IFC have announced a partnership with Standard Bank Group, one of the biggest banking groups in Africa. IFC’s $300 million sustainable Tier 2 capital loan will allow Standard Bank South Africa, a wholly owned subsidiary of Standard Bank Group, to on-lend and support renewable energy projects and home loans to low-income home buyers in South Africa, 50 percent of which will be used for home loans to women borrowers. IFC sponsored $260 million of this loan…

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​IFC and DBS Launch US$500 Million Facility to Promote Trade Flows in Emerging Markets

Stuart Mitchell

IFC and DBS Bank Limited (DBS) have signed a US$500 million facility under IFC’s Global Trade Liquidity Program (GTLP). The facility aims to promote capital and trade flows in emerging markets across Asia, Africa, the Middle East and Latin America, help bridge the record US$2.5 trillion global trade finance gap1 and accelerate economic progress across these regions. The facility includes IFC and DBS sharing the risk equally on a portfolio of trade-related assets of up to US$500 million. This enhances DBS’ capacity to support more trade financing – such as…

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New Report Urges Fintech Firms to Target Women Customers in Emerging Markets for Financial Inclusion

Stuart Mitchell

Fintech firms could do more to intentionally target women customers in emerging markets. According to a new IFC report released today, by using business strategies informed by analyzing sex-disaggregated data, fintech firms could capitalize on the women’s market while contributing to greater financial inclusion for women. Fintech and digital financial services have been considered a game-changer for women’s financial inclusion and economic empowerment. Until now, there has been limited research that quantifies the degree to which fintech firms are actively addressing women’s financial inclusion and the specific strategies that are…

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