Tag: IFC

IFC’s First Green Kangaroo Bond Raises 900 Million Australian Dollars for Climate-Friendly Projects

Stuart Mitchell

IFC issued its first green bond in the Australian dollar market, raising 900 million Australian dollars for climate-friendly projects. The landmark fixed-rate bond due to mature in May 2027 is the largest Australian dollar green bond issued by a multilateral development bank in 2022 and is also IFC’s largest Kangaroo transaction in over a decade. The proceeds of the bond will be earmarked for climate-smart projects, including clean energy, energy-efficient buildings, transport, green banking, agriculture, and climate adaptation in developing economies. The transaction attracted robust investor demand, garnering orderbooks of…

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World’s First Biodiversity Finance Guide Offers Investors Blueprint to Protect Nature

Stuart Mitchell

IFC has issued the world’s first guidance to help investors, financiers, companies, and governments identify investments that protect and rehabilitate biodiversity and ecosystems.  The Biodiversity Finance Reference Guide is the first market framework for biodiversity finance, a fast-growing domain of green finance that aims to support activities that conserve and restore biodiversity and ecosystem services. While the market has increasingly expressed interest in these types of investments, it has lacked criteria for eligible projects. IFC’s guide addresses this gap by providing an indicative list of investment projects, activities, and components…

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IFC Launches Financing Platform to Respond to Global Food Crisis and Build Resilient Food Systems

Stuart Mitchell

Responding to surging levels of food insecurity, IFC has launched a new, $6 billion financing facility to strengthen the private sector’s ability to respond to the crisis and help support food production. The war in Ukraine and an uneven global recovery from the COVID-19 pandemic have added to rising levels of hunger and malnourishment, which already have been worsened by climate change and increasingly severe weather events that are damaging harvests and reducing yields. A core part of the financing, which will be provided through the new Global Food Security…

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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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