Join IFC at #COP29 in Baku, Azerbaijan, where the global community will convene to tackle the climate crisis. From financing green energy to decarbonization, gender-led climate innovations and green buildings, we are spotlighting private sector solutions for low-carbon, inclusive and resilient growth. See our full schedule of events here and join us at the The World Bank Group pavilion at #COP29: http://wrld.bg/XE0m50U0GIr #greenfinance #decarbonization #acceleratethetransition
IFC - International Finance Corporation
Financial Services
Washington, DC 806,623 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.
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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
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Employees at IFC - International Finance Corporation
Updates
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🌍 Gender equality is not just a fundamental right—it’s a key driver of global development and prosperity. The World Bank’s new Gender Strategy lays out a bold roadmap to close gaps, tackle systemic barriers, and empower women and girls worldwide. From addressing gender-based violence to increasing women’s economic opportunities, this strategy is driving meaningful change. 📹 Watch the animation to see how this roadmap is shaping a better future for all. ifc.org/gender #GenderEquality #DevelopmentGoals #WorldBank #InclusiveGrowth
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IFC - International Finance Corporation reposted this
Vice President, Economics and Private Sector Development - International Finance Corporation, member of the World Bank Group.
The 40 African countries receiving IDA support account for over 70% of its global commitments. Addressing global infrastructure gaps, and expanding access to reliable, affordable and sustainable energy is critical for Africa and a key focus of IDA21, especially in the continent’s fragile and conflict-affected countries. Building partnerships with the private sector in Africa can help improve infrastructure and expand energy access. The IFC's investment of $100 million in Release by Scatec exemplifies a strategic approach to addressing energy challenges through innovative, modular solar power solutions. The involvement of IDA’s Private Sector Window (PSW) Liquidity Support Guarantee of $65 million makes a difference. It demonstrates a proactive measure to alleviate liquidity risks that can hinder private sector investments, particularly in fragile markets. The IDA PSW enables high-impact projects that otherwise would not happen. #IDAworks #IDA21 🔗 https://lnkd.in/gvkE7pg8
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In #Tanzania, Kioo Glass is revolutionizing sustainable manufacturing. As the largest glass manufacturer in East #Africa, KIOO produces over 1 million bottles daily, incorporating 40% recycled materials. But they’re not stopping there. With IFC’s support, KIOO is doubling their commitment to sustainability. Their ambitious plan aims to recycle up to 35,700 tons of glass annually--equivalent to 100+ million bottles--keeping them out of landfills and reducing CO2 emissions by over 4,000 tons every year. In May 2024, IFC provided KIOO with a loan of up to $45 million to help the company expand production, including the construction and operation of a new furnace. This follows IFC’s previous financial support for KIOO, including a $10 million loan made in 2021 at the height of the COVID-19 pandemic. Discover how sustainable practices are shaping the future of manufacturing in Africa and beyond. 🌱♻️ http://wrld.bg/JzT450UbZoT #COP29 #greenfinance #decarbonization #acceleratingthetransition
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IFC - International Finance Corporation reposted this
Welcome to Nature and Biodiversity, Gender Equality, and Oceans Day at #COP29 in Baku. All three are crucial to the global fight against #ClimateChange and achieving the goals of the #ParisAgreement. See what IFC - International Finance Corporation is doing across these key sectors: 🌲 🌳 🌴 #Nature and #Biodiversity 🌲 🌳 🌴 Biodiversity supports basic human needs and underpins economic growth. Yet unprecedented losses over the last fifty years are threatening to undermine key industries and economic development, particularly in emerging markets. To add to the challenge, there is an annual $200 billion gap in #BiodiversityFinance, and most of it will have to come from the private sector. How do we mobilize private capital to invest into #NatureFinance at scale? IFC - International Finance Corporation is working to unlock private investment into nature finance with clear rules of the road like the Biodiversity Finance Guide and innovative financial instruments like the #BiodiversityBond with BBVA – both the world’s first. Learn more: https://lnkd.in/e-Gzz9_e #COP16 https://lnkd.in/eKHiS-2c Irina Likhachova Helena Dill Beatrice Phillips Veronica Nyhan Jones 👩 🙎♀️ 🏃♀️ #GenderEquality 👩 🙎♀️ 🏃♀️ Addressing climate change will require a fundamental shift towards green, resilient, and inclusive economies. Bringing women into climate decision-making and securing their active participation in green transitions will result in more impactful and effective private sector-led climate action and improved risk management. Increasingly, IFC - International Finance Corporation is investing with an integrated climate and gender lens, looking for opportunities to advance women’s leadership, employment, and entrepreneurship in green transitions and increase women’s access to green finance and climate-friendly products and services. IFC’s pioneering Gender x Climate program focuses on advancing investments in climate mitigation and adaptation. Learn more: http://wrld.bg/HAvr50U7cok Vally Tsiftsi Franziska Deininger 🌊 🚰 ♒ #Oceans 🌊 🚰 ♒ Waterways and oceans are a cornerstone of the global economy, representing jobs and food for millions of people around the world. Keeping our marine ecosystems healthy is directly linked to alleviating poverty and climate resilience. IFC works with financial institution clients, partners, other development finance institutions, corporates, to develop a systematic global #BlueEconomy finance market. Since 2020, IFC has provided more than $1.9 billion dollars in #blueloans and #bluebonds to private institutions, recognizing the untapped potential for clients to grow their #BlueFinance products and services. https://lnkd.in/eKdTrv38 Elena Renjel Fredrica Mayer Pushkala Ratan
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Today is #GenderEquality at #COP29. 🟢 Addressing climate change will require fundamental shifts away from business as usual and towards green, resilient, and inclusive economies driven by regenerative, renewable, and nature-positive processes. This transition must be just and equitable and emphasize the inclusion of all people, including women and girls, who are often disproportionately impacted by climate change and often left out of new climate-related opportunities. 🟢 Bringing women into climate decision-making and securing their active participation in green transitions will result in more impactful and effective private sector-led climate action and improved risk management. Gender-lens climate finance can deliver transformative investments to improve climate adaptation and mitigation, while also reducing economic gaps between women and men. 🟢 Increasingly, IFC is investing with an integrated climate and gender lens, looking for opportunities to advance women’s leadership, employment, and entrepreneurship in green transitions and increase women’s access to green finance and climate-friendly products and services. IFC’s pioneering Gender x Climate program focuses on advancing investments in climate mitigation and adaptation. Read more about IFC’s work in promoting a just climate transition http://wrld.bg/HAvr50U7cok #AcceleratingTheTransition
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Through the Duavata Partnership, New Zealand is supporting Fiji’s response to climate change impacts. New Zealand High Commissioner Charlotte Darlow highlights key initiatives funded by Fiji’s first sovereign green bond, including upgrading school infrastructure, improving access to clean water, and creating carbon sinks through reforestation efforts. http://wrld.bg/TUiX50Uah5X #COP29 #AcceleratingTheTransition New Zealand Ministry of Foreign Affairs & Trade
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IFC - International Finance Corporation reposted this
#Champion Colleague. I invite you to listen to my colleague Hassan K.. Based in Dakar, Senegal, Hassan explains the role IFC is playing in accelerating the growth of the cotton-to-textiles industry in West Africa. Working with IFC’s partners, what Hassan and his team have enabled is an extraordinary example of development action to create jobs and unleash a future of opportunity for the people of West Africa. From his front-row seat in leading this amazing transformation, and seeing with his own eyes the meaningful impact taking shape, Hassan shares with us what it has taken to create formal and safe manufacturing jobs at scale, including for women and young people entering the workforce. Already, if you consider garments exported from West Africa to U.S. and European markets, some 80% to 90% of those garments are coming from our first supported factory in Ghana, even before other factories open for business. For more about working upstream, listen to Li Yan Chen: https://lnkd.in/ePHppFPW #textile #apparel IFC Africa
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🚎 ⚡ As climate leaders convene for Transport Day at #COP29, the journey toward a greener and more interconnected world starts with sustainable transportation. 🚊 Sustainable and innovative transportation solutions driven by smart and green technologies can help boost inclusive growth, increase economic opportunities, expand access to essential services, and combat climate change and local pollution. ➡️ To contribute to and enable climate-friendly transportation infrastructure, IFC invests in projects that can reduce emissions and mitigate the impact of #ClimateChange through a modal shift from high-carbon to low-carbon options—especially in shipping, railways, logistics, and urban transport. Learn more: http://wrld.bg/N64450Ua5pL #AcceleratingTheTransition #IFCTransport
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💧 Did you know? Every drop counts in #Romania’s sustainable future! Through #BlueFinance, IFC and Banca Transilvania are helping local businesses protect vital water resources and boost sustainability. Companies like Pastravul din Tara Ta are leading the way with eco-friendly fishery practices that support Romania’s environment and economy. Discover how Blue Finance is creating a bold blue future for Romania: http://wrld.bg/xpre50Uak8P #IFCGreeningEurope
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