Tag: IFC

To boost access to electricity for low-income households and small businesses in Côte d’Ivoire, IFC recently announced its support for a bond issuance that will help finance up to 600,000 new electricity connections, benefiting nearly 2.8 million people in the country, an almost 10 percent increase in national electricity access. IFC’s guarantees, totaling up to XOF15.8 billion (US$28.3 million equivalent), will support the participation of Société Ivoirienne de Banque (SIB) and the Emerging Africa and Asia Infrastructure Fund (EAAIF) as anchor investors in the bond, issued by a securitization vehicle…

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Twenty commercial banks, collectively managing more than US$5.6 trillion in assets, have joined the Alliance for Green Commercial Banks (the Alliance), an initiative of IFC, a member of the World Bank Group. This inaugural cohort marks an important step in accelerating the transformation of commercial banks towards excellence in green banking—integrating global best practices with innovative business models for sustainable finance across Asia-Pacific’s emerging markets and developing economies. The Alliance is a curated, by-invitation platform that convenes commercial banks committed to embedding sustainability into their core strategies while financing the transition to…

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IFC has unveiled two key initiatives, the Gender-Based Violence Center of Expertise and the Respect@Work Program, to address gender-based violence and harassment (GBVH) in workplaces around the globe. These initiatives aim to create safer, more inclusive business environments, recognizing that eliminating GBVH is essential to advancing gender equality, improving business performance, and unlocking the full economic potential of women and other marginalized groups. The Gender-Based Violence Center of Expertise will serve as a global knowledge hub, supporting IFC clients and private sector actors with toolkits, training, and provide advisory support to better…

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