Tag: IFC

New IFC Podcast Promotes Women in Africa’s Renewable Energy Sector

Stuart Mitchell

With renewable energy forecast to play a growing role in Africa’s energy future, IFC has launched a new podcast series to promote the role of women in the sector as senior executive, engineers and thought leaders.   In the She Powers Africa podcast, host Terryanne Chebet, an entrepreneur and media specialist, speaks with leading women in Africa’s renewable energy space to light the path for the next generation of African women leaders into the dynamic sector. The first three episodes feature Jennifer Boca, Head of Environmental, Social and Governance at…

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IFC Launches $2 Billion Global Bond to Support Private Investment in Developing Countries

Stuart Mitchell

IFC, a member of the World Bank Group, issued a new US dollar global benchmark bond, raising $2 billion to unlock private investment in emerging markets and developing economies. Support for the transaction was strong and the final order book closed at over $4.9 billion with over 100 investors. “The extremely enthusiastic interest from investors is a testament to IFC’s financial strength and our position as the premier development finance institution focused on the private sector in developing countries,” said John Gandolfo, IFC Vice President and Treasurer, Treasury & Mobilization.…

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Carbon Opportunities Fund Launches First-of-its-Kind Investment Platform to Issue Tokenized Carbon Credits

Stuart Mitchell

The International Finance Corporation, Cultivo, Aspiration, and Chia Network, today announced the launch of the Carbon Opportunities Fund (the Fund), a global investment platform that will raise private capital for an innovative model to source, tokenize and sell high-quality, verified carbon credits. The Fund will seek to catalyse investments in the voluntary carbon markets and broaden access to finance for nature-based projects certified by leading international standards bodies. This new model for the carbon trading ecosystem will deploy innovative technologies to help identify, monitor, evaluate and natively tokenize verified carbon…

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IFC’s Provides $200 Million Loan to Help Scale up Green Finance in Colombia

Stuart Mitchell

In a bid to increase access to climate finance, IFC is providing an up to $200 million loan to Banco Bilbao Vizcaya Argentaria Colombia S.A (BBVA Colombia), one of the largest banks in the country. The aim is to promote a greener financial sector, supporting the nation’s goal of becoming carbon-neutral by 2050. IFC’s financing package will support the bank’s lending program for climate-smart projects, with a focus on green buildings and green construction. Additionally, it will increase funding for other climate-smart projects across sectors, including agriculture, housing, and renewable…

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IFC, ICMA, UNGC, UNEP FI, and ADB Announce Coalition to Support the Blue Economy

Stuart Mitchell

On the sidelines of the UN Ocean Conference in Lisbon, IFC, a member of the World Bank Group, together with four of the top international organizations have announced their commitment to develop guidelines that would provide the global market consistency and transparency in financing the blue economy. IFC, the International Capital Markets Association (ICMA), United Nations Global Compact, United Nations Environment Program Finance Initiative (UNEP FI), and the Asian Development Bank (ADB) are partnering to develop a global practitioner’s guide for bonds to finance the sustainable blue economy. It will aim…

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