JUST RELEASED: IFC delivered record-breaking impact in Fiscal Year 2024—showcasing our transformation as an institution and our unique ability to mobilize the private sector as a force for good on an unprecedented scale. We are laser-focused on our priorities – scaling climate solutions, accelerating gender equality, bolstering food security, pioneering digital innovations, and mobilizing billions in new capital. With a historic commitment of $55.8B, an exceptional year-on-year increase, our investments in FY24 speak volumes on The World Bank Group’s commitment to end poverty on a livable planet.
IFC - International Finance Corporation
Financial Services
Washington, DC 771,027 followers
About us
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries. We utilize and leverage our products and services—as well as products and services of other institutions in the World Bank Group—to provide development solutions customized to meet clients’ needs. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and political challenges. Clients view IFC as a provider and mobilizer of scarce capital, knowledge, and long-term partnerships that can help address critical constraints in areas such as finance, infrastructure, employee skills, and the regulatory environment. IFC is also a leading mobilizer of third-party resources for its projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources. For more information, visit www.ifc.org.
- Website
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http://www.ifc.org
External link for IFC - International Finance Corporation
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Privately Held
- Specialties
- IFC Investment Services, IFC Advisory Services, IFC Asset Management Company, private sector development, development finance, private equity, and resource mobilization
Locations
Employees at IFC - International Finance Corporation
Updates
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IFC - International Finance Corporation reposted this
Uruguay gets first blue loan to build the world's largest electric ferry 🔵 IFC - International Finance Corporation announced the signing of a partial credit guarantee of USD 67 million to Buquebus (Los Cipreses S.A.) for the building of the world's largest electric ferry (e-ferry), which will connect Buenos Aires, Argentina, and Colonia del Sacramento, Uruguay, through a loan from Santander Uruguay for USD 107 million. This financing allows IFC to introduce the first #blueloan in Uruguay and the first in the maritime and electric transportation sector worldwide. Alfonso García Mora, IFC's Vice President for Europe, Latin America and the Caribbean, commented: “this project is a remarkable innovation that will bring the world’s largest e-ferry to connect Argentina and Uruguay, marking the first e-ferry in emerging economies. It will inspire other companies in this and other regions. Investing in electric transportation is essential to reduce millions of tons of greenhouse gas emissions each year in a sector that accounts for around 25% of these emissions globally.” Juan Carlos López Mena, president of Buquebus, said: “We believe that the future is only possible if it is sustainable and efficient. Therefore, reducing energy consumption, incorporating innovation, and strengthening social action are part of our business strategy.” By supporting the #decarbonization of the largest passenger ferry operation between Argentina and Uruguay, the investment continues the World Bank Group’s programmatic and coordinated approach to making the transportation sector in Latin America and the Caribbean more sustainable. #IFCTransport #IFCInfrastructure #BlueFinance #emobility #eferry IFC Infrastructure | IFC Climate & Sustainability | Manuel Reyes-Retana | Valeria Di Fiori | Temel Oktem | Helena De La Torre | Juan Payeras | Nayve Martinez | Sergey Mytarev | Omar Rodriguez Portilla | Rafael Silva | Marina Lopez | Horacio Martire | Carmen Casás Ibáñez | Maria Elisa Albers | Julieta D´Acunto | Gabriel Varesi | Lorena Laborde Learn more: https://lnkd.in/dDBeVfPi
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IFC - International Finance Corporation reposted this
Africa stands on the threshold of a new economic renaissance – buoyed in part by its young, dynamic, and fast-growing population, about 60% of whom are under the age of 25. The creative industries, including sports and entrainment, are emerging as important growth engines and a source of jobs in the region. Delighted to announce that IFC - International Finance Corporation plans to further explore new opportunities to accelerate the growth of sports and entertainment in Africa, alongside Proparco Agence Française de Développement and Helios Investment Partners. These efforts are expected to stimulate more private sector participation in the sectors, support economic development, while encouraging local talent and innovation. Learn more: http://wrld.bg/6goF50SKmYP #Sport4SD #olympicgamesparis
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IFC - International Finance Corporation reposted this
IFC - International Finance Corporation is anchoring a green bond issuance by Georgia Global Utilities to significantly improve water services for 1.3 million people—around 35% of Georgia’s population! 🌍💧 Backed by IFC’s $40 million subscription, this $300 million bond issuance—the largest ever by a Georgian private company— aims to: 🌟 Enhance outdated water infrastructure and equipment 🌟 Reduce high water leakage rates 🌟 Expand water coverage to 40,000 new customers http://wrld.bg/lfcq50SKLje #GreenBonds #ClimateAction #IFCWater EBRD DEG Asian Development Bank (ADB)
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REGISTER NOW! Don't miss the Global SME Finance Forum 2024, the world's premier event dedicated to SME financing! Join 700 senior executives from SME finance institutions around the world for this year’s forum, where we spotlight #AI's transformative role in accelerating digital and sustainable transitions for SMEs. 📌 Venue: Grand Hyatt São Paulo 📅 Date: September 16th-18th, 2024 💸 REGISTRATION: http://wrld.bg/CIY850SKtsl #GSMEFF24 #Brazil #SaoPaulo #SMEfinance #Innovation #GlobalImpact #AI
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IFC - International Finance Corporation reposted this
The pioneering blue bond initiative launched by IFC - International Finance Corporation & T. Rowe Price to boost access to finance for #BlueEconomy projects in emerging markets has won Environmental Finance's 2024 #ESG Investment Initiative of the Year, Americas. This recognition underscores the critical role of the private sector to mobilize finance for sustainable blue projects that safeguard our oceans and water resources and improve market standards for this growing asset class: https://lnkd.in/g8rr5UgF [pressroom.ifc.org] Laila Nordine, Tongai Kunorubwe, CFA, Pushkala Ratan, José Gamito Pires, Stephanie Rubach, Kaushi Liyanage, Xavier Jordan, Tomasz Telma, IFC Financial Institutions, IFC Climate & Sustainability #efbonds #BlueFinance #IFCBlueFinance
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IFC - International Finance Corporation reposted this
At #G20, Ajay announced the World Bank Group's partnership with the Global Alliance and Brazil to tackle poverty & hunger, with a goal to aid 500M people with social protection by 2030. https://lnkd.in/etfUQTz7
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The private sector can be an unmatched force for public good when mobilized effectively. As we reflect on our just-ended 2024 financial year, IFC’s impact paints a compelling picture. We hit a record of close to $56 billion invested, including over $22 billion mobilized, delivering unprecedented progress to the people and places that need it most. In this #IFCinsights edition, delve into the impact behind the numbers – demonstrating the power of the private sector to shape a more inclusive and sustainable future.
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At United Exports' farms in South Africa, women are breaking barriers and redefining leadership roles in agribusiness. With almost 60% of their workforce being women, primarily in entry-level positions, United Exports is committed to promoting more women into management roles. Thanks to the Gender and Equality Returns (#GEAR) training program by IFC, these women are discovering their voices and unlocking their leadership potential. Read more about the stories of the four women who took part: http://wrld.bg/ZEVc50SxWGS
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IFC - International Finance Corporation reposted this
At IFC - International Finance Corporation we're committed to unlocking #PrivateSector potential to address development challenges in Africa and beyond. In fiscal year 2024, we invested a historic $55.8 billion, and we were able to mobilize $22.5 billion from other investors and partners. From expanding clean energy access to empowering women entrepreneurs and providing vital digital infrastructure, our projects created measurable gains in critical development areas. Learn more about the innovation & collaboration being deployed at IFC to unlock the private sector's full potential to drive development. ➡ http://wrld.bg/L9Zy50SzfRB #IFCimpact