Tag: IFC

IFC and Institutional Investors Embark on New Multi-Billion Climate Finance Initiative

Stuart Mitchell

IFC has announced that it will partner with two institutional investors, Allianz through Allianz Global Investors, and the Hong Kong Monetary Authority, to create a new $3 billion global platform for climate-smart investment aligned with the Paris Agreement. The new program, MCPP One Planet, combines institutional investor contributions with IFC’s own funds to scale up climate-responsible financing for private companies in emerging markets. MCPP One Planet will create the world’s first cross-sectoral portfolio of emerging-market loans aligned with the Paris Agreement. The facility enables institutional investors to directly provide capital…

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IFC, Amundi Launch $2B Bond Strategy to Support Green, Resilient, Inclusive Recovery

Stuart Mitchell

Addressing the dual challenges of inequality and climate change, IFC, a member of the World Bank Group, and Amundi, Europe’s largest asset manager, have agreed to establish a new fund to mobilize up to $2 billion in private investment into emerging market sustainable bonds that support COVID-19 relief efforts and promote a green, resilient, and inclusive recovery from the pandemic.                                                                 Unveiled…

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

Stuart Mitchell

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

Stuart Mitchell

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

Stuart Mitchell

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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