Tag: IFC

IFC Green Loan to Help Boost Renewable Energy in Thailand, Indonesia, and Vietnam

Stuart Mitchell

A new investment through a green loan facility will help develop more renewable energy projects in Thailand, Indonesia, and Vietnam, with IFC’s $64 million to Sermsang Palang Ngan Company Limited (SPN) aiming to address the region’s growing energy demand. The financing package includes an IFC loan of up to $32 million (THB1.2 billion) and a parallel loan from Siam Commercial Bank (SCB) for a similar amount. IFC’s funding will help SPN finance the acquisition, development, and construction of renewable projects—especially solar farms, solar rooftops, and biomass—in Thailand as well as…

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IFC Launches Flagship Gender Program to Boost Women’s Employment in India

Stuart Mitchell

To help recruit, retain, and promote more women across India’s private sector, IFC recently launched the India Gender Collaborative. The 12-month flagship gender program aims to catalyze economic participation of women in the country while fostering gender parity and inclusion. IFC will spearhead the India Gender Collaborative by bringing together the World Bank, the International Labour Organization, and UN Women to highlight how integrating more women into business operations can increase companies’ profitability and contribute to shared prosperity. IFC’s flagship program will equip businesses to close gender gaps while contributing…

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IFC partners with Triggerfish to boost Africa’s animation sector

Stuart Mitchell

In order to support the growth of Africa’s creative sector and to bring local African stories to the world, IFC has signed a collaboration agreement with Triggerfish, a globally recognized animation studio founded in South Africa. Triggerfish creates premium animated content for prominent global studios such as BBC, eOne, Lucasfilm, Magic Light Pictures, Netflix, and The Walt Disney Company. The collaboration agreement will bring IFC’s market expertise to help Triggerfish with its growth strategy so that it can expand its operations, creating new jobs and opportunities in Africa to upskill…

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IFC Strengthens Partnership with Crédit du Maroc to Support SMEs, Women and Green Projects in Morocco

Stuart Mitchell

IFC announced a loan for Crédit du Maroc, Morocco’s seventh largest private bank, to facilitate the development of small and medium-sized enterprises (SMEs), women entrepreneurship, and green projects in the country. IFC’s $100 million loan aligns with IFC’s strategy to support private sector-led economic growth and job creation in Morocco. Crédit du Maroc will use the funds to increase lending to smaller businesses across various sectors, to women-led businesses, and to support green projects, including energy efficiency, renewable energy, certified green buildings and climate smart agriculture.[JH1]  “Crédit du Maroc, now…

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IFC Supports New Fund to Address Infrastructure Gaps, Cut Carbon Emissions Across Asia and Africa

Stuart Mitchell

A new IFC investment will help address critical infrastructure gaps, facilitate trade, and boost access to renewable energy in Asia and Africa, helping support job creation, foster GDP growth and tackle significant challenges such as food poverty, supply chain disruptions, and climate change. IFC is investing $50 million in equity to bolster A.P. Moller Capital’s $1 billion Emerging Markets Infrastructure Fund II (“EMIF II”), joining forces with a consortium of global partners. Approximately 50 percent of the fund will be invested in each of Africa and South and Southeast Asia.…

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