Tag: IFC

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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Strong Rebound in Emerging Market Green Bonds in 2021 as Issuance Soars to Record US$95 billion

Stuart Mitchell

Amundi, leading European asset manager, and IFC, a member of the World Bank Group, today published their Emerging Market Green Bonds Report 2021. The report highlights a sharp rebound in issuance of green bonds in emerging markets and developing economies in 2021 as a result of rising demand from both domestic and international investors combined with expanded issuance by new and existing issuers. Despite ongoing uncertainty related to the pandemic and dislocations in many economies, the global market for green bonds exceeded most forecasts. Issuance of green bonds in emerging…

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IFC, WEF Strengthen Global Partnership to Address Challenges Facing Private Sector Development

Stuart Mitchell

The International Finance Corporation (IFC) and the World Economic Forum (WEF) have announced an enhanced global partnership to tackle the most pressing challenges facing private sector development. The pandemic demonstrated the power of global coordination and multi-stakeholder action to unlock solutions to global challenges such as climate change, fragility and inequality. Working closely together, IFC and the WEF will maximize public and private sector collaboration to achieve the goals of sustainable development and shared prosperity. This partnership builds on a unified vision of collaboration across government, civil society and the private sector…

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