Tag: IFC

Bureau Veritas Partners with IFC’s Building Resilience Index to Expand Resilience Verification Services Globally

Stuart Mitchell

Bureau Veritas, a global leader in Testing, Inspection, and Certification services (TIC), has signed the first global verifier agreement to expand the reach and impact of the Building Resilience Index (BRI). Under this agreement, Bureau Veritas will serve as a verification partner for BRI across key emerging markets in Latin America, Africa, and East Asia and the Pacific. An innovation of IFC, a member of the World Bank Group, BRI is a web-based framework designed to help developers, investors, and policymakers identify risks to buildings posed by natural hazards and…

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IFC Announces $20 Million Equity Investment in Transvolt Mobility

Stuart Mitchell

To enhance access to quality urban transport, scale up electric vehicles (EVs) production and strengthen India’s electric mobility ecosystem, IFC is providing $20 million equity investment to Transvolt Mobility Private Limited (Transvolt), as part of its $50 million financing round. This is IFC’s first equity investment in an EV platform in India and globally. It will enable Transvolt to scale its electric fleet portfolio to 3,500 vehicles and create 8,200 jobs in the next five years. It will also support the company’s long-term goal of deploying 8,000 heavy commercial EVs…

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IFC Announces New Initiatives to Accelerate Ukraine’s Reconstruction at Ukraine Recovery Conference

Stuart Mitchell

IFC has announced a series of new initiatives to support Ukraine’s private sector and accelerate reconstruction efforts. Unveiled at the Ukraine Recovery Conference, the initiatives aim to address critical financing needs, enhance energy security, and foster innovation in key sectors, including energy, and technology. Ukraine’s private sector continues to demonstrate remarkable resilience despite the ongoing challenges of Russia’s invasion. As of May 2025, nearly two-thirds of firms were operating at full or near-full capacity. However, businesses continue to face security risks, labor shortages, and rising input costs. Achieving a full…

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IFC Launches $2 Billion Bond to Support Private Sector Investment and Jobs in Emerging Markets

Stuart Mitchell

To support private businesses and help drive job creation in emerging markets, IFC issued a new 2 billion US dollar global benchmark bond. The new five-year benchmark was met with strong investor demand with final orders over $3.8 billion. The transaction priced at 7 basis points over US Treasuries, the tightest spread for an IFC five-year US dollar benchmark. It also priced at 41 basis points above the SOFR mid-swap rate, one of the most competitively priced five-year bonds from a public sector issuer so far this calendar year. “The…

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IFC Invests in Immersive Content Platform VUZ to Support Jobs and Incomes

Stuart Mitchell

In a move to strengthen jobs and incomes for young creatives, the International Finance Corporation (IFC), a member of the World Bank Group, is investing $5 million into VUZ as part of its $12M Pre-Series C. Launched by a Jordanian founder, VUZ is an immersive content platform that creates, distributes and monetizes premium creator-driven, entertainment, sports, and educational content in augmented reality, and virtual reality. The company has operations throughout the Middle East, parts of Africa, and Asia and currently reaches over 1.2 million active users globally each month, with…

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