International Finance Corporation

Green bond market showing potential signs of resilience during Covid-19
May 8, 2020
Financing countries’ climate and sustainable development commitments will require global investment on an “unprecedented scale”, the report stated. IFC estimates cumulative climate investment potential of $29.4tn in emerging market cities through 2030. Sustainable finance policies and products, like debt capital instruments, are already helping to plug this gap, by financing projects with environmental and social […]
Another solar pipeline in Mexico secures multilateral backing
November 22, 2019
Energy company IEnova has secured funding for a large-scale, 376MW solar pipeline in Mexico, with support from the World Bank’s International Finance Corp. and the North American Development Bank. The development banks will contribute US$200 million in green loans for the pipeline, which includes the already-operational Pima Solar 110MW plant. This project represents U.S. subsidiary […]
Davivienda Costa Rica receives loan to issue green bond
July 26, 2019
Costa Rica has received a loan from an international body to finance green projects through the issuance of green bonds. Costa Rica received a USD 35 million loan from the International Finance Corporation (IFC), a World Bank Group member. The loan was made to Davivienda, a subsidiary of the Colombian bank. Luc Grillet, Senior Manager […]