Category Archives: International Finance Corporation
IFC Helps Odisha Boost Private Investments, Enhance Economic Opportunities for India’s Development
Bhubaneswar, India, March 04, 2013—IFC, a member of the World Bank Group, is working in India’s state of Odisha to promote private sector-led growth in the strategic sectors of agribusiness and tourism, catalyzing investments and creating jobs. Through a
IFC Supports Food Production, Environmental Management with Loan to Norson of Mexico
Washington D.C., March 4, 2013—IFC, a member of the World Bank Group, will lend $40 million to Norson Holding, a leading pork producer and processor in Mexico, to support the company’s plans for expanding pork production and modernizing its
IFC Launches New Financial Instrument to Expand Availability of Renminbi Finance
Hong Kong, February 26, 2013—IFC, a member of the World Bank Group, today introduced an innovative financial instrument to help China internationalize its currency, issuing the first renminbi-denominated note under its Global Discount Note Program. The program is the
IFC Helps Victoria Group Strengthen Serbia’s Farming Sector, Boosting Employment
Belgrade, Serbia, February 21, 2013—IFC, a member of the World Bank Group, is providing a $75 million loan to Victoria Group to support the development of the private sector in Serbia, where revitalizing agribusiness is essential for creating jobs
IFC Signs Agreements to Increase Access to Business Training in Ghana
Accra, Ghana, February 19, 2013 – IFC, a member of the World Bank Group, today announced new agreements with Fidelity Bank and the Association of Oil Marketing Companies to expand access to the Business Edge training program in Ghana.
IFC Supports Nigeria’s Eleme to Encourage Improved Agricultural Productivity
Lagos, Nigeria, February 19, 2013—IFC, a member of the World Bank Group, today announced an investment in Nigeria-based Indorama Eleme Fertilizer Company to support the expansion of the country’s largest fertilizer production facility. The investment will contribute to improved farm
IFC, Center-Invest Bank Expand Access to Finance for Small Businesses in Southern Russia
Moscow, Russia, February 18, 2013—IFC, a member of the World Bank Group, is providing a loan of 900 million Russian rubles (around $29 million) to Center-Invest Bank to help it expand access to finance for small and medium enterprises
IFC Provides $20 Million to Banco General Costa Rica to Increase Lending to SMEs, Agribusiness
Washington DC, February 14, 2013 — IFC, a member of the World Bank Group, today announced a five year $20 million loan to Banco General (Costa Rica) S.A. to support the growth of small and medium enterprises and agribusiness
IFC Supports Expansion of HMH’s Agribusiness and Forestry Activities in Africa and Latin America
Johannesburg, South Africa, February 13, 2013—IFC, a member of the World Bank Group, today announced an investment in South Africa-based Hans Merensky Holdings (Pty) Limited to support the expansion of its agribusiness and forestry operations. IFC’s investment promotes climate
IFC and Masterslavl Partner to Build Pioneering Education Center in Russia
Moscow, Russia, February 11, 2013—IFC, a member of the World Bank Group, is supporting a pioneering education center in Moscow that will expose children to professional trades, part of an effort to broaden their horizons and, over the long
IFC Supports Faster and Easier Business Registration in Nepal to Spur Growth
Kathmandu, Nepal, February 7, 2013— IFC, a member of the World Bank Group, is supporting the government of Nepal in simplifying and automating procedures for issuing licenses and other approvals, reducing compliance burden for investors. A faster, streamlined and
MENA Governments Should Address Needs of Investors, World Bank Group Study Finds
Muscat, Oman, February 7, 2013—Governments in the Middle East and North Africa (MENA) are not doing enough to attract foreign investors, compounding the economic problems facing several countries in the wake of the Arab Spring, says a new report