IFC Invests $4.9 Billion to Support Green and Inclusive Recovery from COVID-19 in Europe and Central Asia

To support a green and inclusive recovery from COVID-19 in Europe and Central Asia, IFC invested over $4.9 billion in the region in fiscal year 2021, which ended on June 30. Up from $3.1 billion last year this year’s commitment mobilized over $2 billion from other investors and focused on driving the region’s transition to clean and renewable energy while tackling climate change, boosting competitiveness and productivity, promoting inclusion, and expanding digital transformation and connectivity. Climate finance represented over 40 percent of IFC’s own account long-term investments in the region.…

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IFC, Levi Strauss & Co. Deepen Partnership to Boost Supplier Sustainability

In a move to encourage textile and apparel suppliers to improve energy and water efficiency and reduce greenhouse gas emissions, IFC and Levi Strauss & Co. (LS&Co.) are expanding their joint efforts to make lower interest rates available to LS&Co. suppliers that demonstrate progress in meeting the global apparel brand’s climate commitments.   This initiative builds on IFC and LS&Co.’s existing work together through the global Partnership for Cleaner Textiles (PaCT) and IFC’s Global Trade Supplier Finance (GTSF) program, which can offer working capital, such as trade financing, at lower…

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IFC and The Rockefeller Foundation partner to advance distributed renewable energy solutions in emerging markets

The International Finance Corporation, the private sector arm of the World Bank Group, and The Rockefeller Foundation (RF) have announced a new partnership that aims to deploy $150 million of RF’s catalytic capital in blended finance to mobilize up to $2 billion of private sector investment in distributed renewable energy solutions. The partnership will prioritize countries in Sub-Saharan Africa and select other regions, where both organizations have identified immediate opportunities. Ultimately, the list of countries where this partnership will deploy will be broadened during implementation. By blending philanthropic and private…

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HSBC, IFC “Real Economy” Green Bond Fund Raises $538M at Final Close for Climate Action

HSBC Asset Management and IFC, a member of the World Bank Group, have announced the final closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), boosting access to climate finance and helping further develop the market for green bonds. REGIO, the first green bond fund focused on well-diversified climate-smart investments in “real economy” issuers in emerging market countries, closed with total investor commitments of $538 million following further investment from two European investors. REGIO uses both public and private capital to build climate change-mitigation capacity in…

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IFC Partners with Health Care Companies to Strengthen Women’s Leadership Roles

The IFC Women’s Employment Program has announced the creation of the Women’s Leadership in Private Health Care Global Working Group, which aims to strengthen women’s leadership roles in the health care sector. The working group brings together Chief Executive Officers and Human Resources managers from 17 leading health care organizations in Africa, Middle East, and South Asia to identify and address gender barriers in their field. This is an initiative under the umbrella of IFC’s Global Health Platform, which promotes private sector solutions in developing countries to respond to COVID-19…

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