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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IFC Launches New Program to Help Boost Women’s Employment in Egypt

IFC, a member of the World Bank Group, is launching a new advisory program to improve women’s employment opportunities in Egypt, by highlighting how private sector companies can tap into the country’s large, underutilized female talent pool and spur economic growth. This is a critical initiative. According to the National Council for Women, the COVID-19 pandemic poses a serious threat to women’s engagement in economic activities in Egypt. The three-year program will help create family-friendly, flexible workplaces to make Egyptian businesses more resilient, agile and inclusive, especially in times of…

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HSBC Global Asset Mgmt, IFC Fund Raises $474M For Climate Action in Emerging Markets

HSBC Global Asset Management and IFC, a member of the World Bank Group, have announced the third closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), which has raised $474 million of new financing to support climate mitigation investments across emerging markets in spite of prevailing market turmoil. Emerging market countries have been hit by some of the worst impacts of climate change and many are insufficiently equipped to address them. REGIO is designed to attract investments into these economies, enabling their energy transition and helping…

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IFC Increases COVID-19 Support to $8 Billion to Sustain Private Sector Companies and Livelihoods in Developing Countries

The World Bank and IFC’s Boards of Directors have approved 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 spread of COVID-19. The package will strengthen national systems for public health preparedness, including for disease containment, diagnosis, treatment, and support for the private sector. IFC, a member of the World Bank Group, will increase its COVID-19 related financing availability to $8 billion as part of the $14 billion package, up from an earlier $6 billion,…

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