IFC - International Finance Corporation delivered another year of impact with historic commitments of $55.8 billion in FY24. IFC’s funding program played a crucial role in achieving these results. By harnessing the power of capital markets and employing diverse borrowing strategies, the funding program increased private capital flows to emerging markets by raising $13 billion across 21 currencies with maturities from 1 to 28 years. The US dollar market was the largest source of funding, contributing 44 percent of the total amount raised. Public trades raised $9.4 billion in five currencies, while private placements added $3.3 billion in fifteen currencies. To support a greener and more sustainable future, IFC raised $1.3 billion through 9 green bond issuances and taps in 6 currencies, including a Norwegian krone (NOK) green bond to promote blue finance issued on World Water Day. Our green bonds help finance climate-smart projects with positive environmental outcomes. The social bond program hit a record $2.3 billion through 9 social bond issuances and taps in 2 currencies, including a landmark $1.5 billion issuance in November 2023 which won ‘Social Bond of the Year for SSAs’ at the Environmental Finance’s Sustainable Debt Awards 2024. Our social bonds support inclusive growth, targeting underserved communities in emerging markets. IFC also issued $70 million in frontier currencies, such as Kazakhstani tenge, Bangladeshi taka, Mexican peso, and Zambian kwacha. Thank you to our strategic partners and investors for your support throughout the fiscal year. We look forward to more collaboration as we begin a new fiscal year. Learn more: http://wrld.bg/L9Zy50SzfRB #IFCimpact Ayelet Perlstein Obert Limbani Marsha Monteiro Reina Mochiji Flora Chao Tom Ceusters Elena Panomarenko Roland Maassen Kanamoto Kenji Zauresh Kezheneva Yuri Kuroki Laura Stirling
IFC Treasury & Mobilization
Capital Markets
Washington, DC 18,166 followers
Capital Markets - bonds, loans and asset management for development impact
About us
IFC Treasury provides core treasury and financial services to the institution. As well as raising capital for liquidity and operational needs, it offers tailored capital market solutions to clients globally across emerging markets.
- Website
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http://www.ifc.org/investors
External link for IFC Treasury & Mobilization
- Industry
- Capital Markets
- Company size
- 5,001-10,000 employees
- Headquarters
- Washington, DC
- Founded
- 1956
Updates
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We are thrilled to announce the issuance of a new IFC Rwandan franc (RWF) offshore bond, a $10 million issuance that marks IFC’s return to the “Twigire” market since our debut issuance in 2015. This 8-year bond is a milestone as it connects the offshore market with an onshore IFC - International Finance Corporation investment for the first time, and it is also the longest-dated RWF offshore bond issued by a supranational. The dealer on the bond was Citi. It will be listed on the London Stock Exchange, and the proceeds will support the expansion of digital infrastructure in Rwanda. IFC is committed to developing innovative solutions that enhance access to local currency financing in RWF, support private businesses and stimulate economic growth in Rwanda. We’re eager to support the further development of the RWF denominated capital markets, both domestic and offshore. Thank you to our investors and partners for supporting this trade. Elena Panomarenko Roland Maassen Anne-Kirstine Moeller Arielle Alexander Farai Sambo, CFA Flora Chao Martin Habel Zano Mataruka Mary Porter Peschka Keshav Gaur Tom Ceusters John Gandolfo Xiaoting Huang #offshorebond #offshoremarket #localcurrency #digitalinfrastructure #Rwanda
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To improve access to local currency financing in Kenya, IFC - International Finance Corporation and Citi have joined forces to launch a $65 million equivalent Kenyan shillings finance facility. This is the first such facility that IFC and Citi are signing globally. Under the facility, Citi will provide IFC with access to Kenyan shillings that IFC will on-lend to a project to expand digital infrastructure in the country. Read more: https://lnkd.in/emdAnJH6 Martin Habel Soumya Banerjee Mary Porter Peschka Keshav Gaur Amena Arif Jes Chonzi Anne-Kirstine Moeller #localcurrency #digitalinfrastructure #kenya
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IFC Treasury & Mobilization reposted this
Another record year for IFC - International Finance Corporation with $55.8B committed to emerging markets in FY24, an almost 30% increase year-on-year. Proud to see IFC's significant contribution to The World Bank Group's overall results. Together, we’ll continue leveraging our diverse skills to offer the best solutions for global challenges. We focus on delivering #impact, particularly in climate, gender, and food security.
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IFC Treasury & Mobilization reposted this
IFC is supporting sustainable sourcing with Natura in the #Amazon! 🌿 We are anchoring and investing in Natura’s Sustainability-Linked Bond (SLB), which represents the first of its kind with performance targets linked to Amazon sourcing in #Brazil. This innovative initiative is set to promote sustainable sourcing practices while helping protect and regenerate the Amazon Forest. As the anchor investor of this issuance, IFC has not only provided a BRL 300 million investment, but also helped Natura mobilize additional funds to reinforce investments in the Amazon. This will help promote the bioeconomy in the forest, contribute to boost local economy and communities and support agroforestry sustainable supply chains in the country. Learn more: https://lnkd.in/d7PnhRRx
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IFC - International Finance Corporation is investing in Mongolia’s first-ever social bond. IFC has been a pioneer in this space and one of the largest global issuers of social bonds. Read about how our social bonds are helping under-served populations in emerging markets, including women and low-income communities, and how they are supporting basic infrastructure, healthcare, finance and sanitation: https://lnkd.in/ePh8HPJP
🚀 Exciting news! IFC - International Finance Corporation is making a landmark investment of up to $100 million in Mongolia's first social bond, issued by Khan Bank. This strategic move supports projects that will empower micro, small, and medium-sized enterprises (MSMEs) and drive sustainable development across the country. 🌱 Funds from the bond will boost projects in healthcare 🏥, education 🎓, food and agriculture 🌾, affordable basic infrastructure 🏗️, and housing 🏡, prioritizing (MSMEs)—particularly women-owned businesses, which are a cornerstone of Mongolia's smaller company sector—in underserved and rural communities. The Mongolian government is committed to strengthening MSMEs, with the goal of job creation, sustainable economic growth, and reducing reliance on mining. 💼 In 2023, Mongolia announced its Sustainable Development Goal (SDG) Finance Taxonomy, introducing four new social financing categories to catalyze investment in ICT, healthcare, education, culture, and infrastructure. This bond is the first to back the launch of the SDG Finance Taxonomy. The World Bank Group has long recognized the critical role of the MSME sector. This social bond represents a groundbreaking step toward fostering Mongolia’s inclusive and sustainable growth. 🌏Lear more here: https://lnkd.in/grK7Aqf9 Munkhtuya Rentsenbat Degi Erdenedelger Bavlai Riccardo Puliti Allen Forlemu Kim-See Lim Jack Sidik Rufat Alimardanov
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We just issued our second benchmark bond of our new July to June fiscal year, a 500 million 5-year British pound sterling bond due October 2029. The trade was robust and attracted orders in excess of £540 million from a diverse global investor base. It also achieved the tightest spread to Gilts that we’ve achieved so far for a 5-year British pound sterling benchmark. Proceeds from our bonds provide essential financing for private businesses in emerging markets, helping to create jobs, alleviate poverty, and drive inclusive and sustainable economic growth. Joint lead managers for this transaction were Barclays Investment Bank, RBC Capital Markets and Bank of America Merrill Lynch. Thank you to all our investors! Elena Panomarenko Ayelet Perlstein Flora Chao Tom Ceusters Marsha Monteiro Roland Maassen
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Our funding program for the coming July 2024 to June 2025 year is up to $15 billion, reflecting IFC - International Finance Corporation’s strong business. We will strive to maintain a presence in Australian, New Zealand and Canadian dollars as well as in sterling. A tremendous thanks to all of our investors for your continued support! https://lnkd.in/eRvd35U5
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IFC - International Finance Corporation’s derivative advisory program brings an array of legal, regulatory reforms and fundamental knowledge needed to develop well-functioning derivative markets. Last week, we held an event with bankers and regulators in Costa Rica on the fundamental role that derivative markets play to help shield businesses and financial institutions from FX, interest rate, credit, and other risks. With thanks to Banco Central de Costa Rica for hosting this event. Lena Lopantseva, Jose Carlos Wong, Elisabet Urrea Cuena, Dominique LeMaire Bob Pickel, Dr Peter M. Werner Joe Bauman Romina Lopez Martinez
Global Head, Treasury Cash Management; Balance Sheet Liquidity Management; Short-term Investments; Local Currency Investments
Last week I addressed groups of regulators and bankers in Costa Rica on the foundational role that Money Markets play in developing capital markets and specifically derivative products. I look forward to continue our engagement with Banco Central de Costa Rica to sustain the momentum that we have built on money market reform. Thanks to my IFC - International Finance Corporation colleagues Lena Lopantseva, Jose Carlos Wong, Elisabet Urrea Cuena, and Dominique LeMaire and our partners Bob Pickel, Dr Peter M. Werner, and Joe Bauman
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We just issued a new US dollar global benchmark bond, raising $2 billion to support private businesses in developing countries. Support for IFC - International Finance Corporation's new five-year benchmark was strong and the trade attracted orders over $2.79 billion. Joint lead managers for this transaction were BMO Capital Markets, J.P. Morgan, TD Securities and Wells Fargo Securities. Read more: https://lnkd.in/e-jEkT6r Yuri Kuroki Flora Chao Tom Ceusters Sarah Lovedee Sean Hayes Laura O'Connor Carlos Perezgrovas Ayelet Perlstein Marsha Monteiro
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