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Press Release: Convergence Awards Design Grant for a Remittance-Based Financing Vehicle to Improve Household Infrastructure and Resiliency for Pacific Island Communities
"As the world faces a severe climate crisis, we need to accelerate solutions that will equip countries most exposed to its shocks with the right tools and infrastructure."
- Region
- Asia Pacific
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Financing a ‘Green’ Economic Reboot, Recovery From Pandemic
Washington-based International Finance Corp. (IFC) of the World Bank Group has introduced financing support for Philippine banks that will lend to climate adaptation and mitigation projects amid a push for “green” recovery from the COVID-19 pandemic to generate trillions of dollars in fresh investments.
- Categories
- Coronavirus, Environment
- Region
- South Asia
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Press Release: OPEC Fund Supports Post-COVID-19 African Infrastructure With $50 Million Loan to Africa Finance Corporation
The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct financing co-operation between the two institutions.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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IFC, Aavas Financiers Sign Pact for Affordable Green Housing Finance for Low-Income Borrowers in India
A green home is a type of house designed to be environmentally sustainable. Green homes focus on the efficient use of energy, water, and building materials
- Categories
- Environment
- Region
- Asia Pacific
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Press Release: DFC Announces New $2.5 Billion Ocean Plastics Initiative
U.S. International Development Finance Corporation (DFC) announced today it aims to catalyze $2.5 billion in infrastructure investments aimed at reducing the discharge of plastic waste and marine debris into oceans and waterways under its new Ocean Plastics Initiative. The initiative seeks to catalyze private sector investment in projects that advance the development of efficient waste management, recycling, and other infrastructure projects in developing countries.
- Categories
- Environment, Investing
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‘Doktari’ Turns Plastic Bags Into Building Materials
Meet Dr Oscar Joshua Aghan, who uses plastic bags that are still in circulation to make building materials.
- Categories
- Energy, Entrepreneurship, Environment
- Region
- Sub-Saharan Africa
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Analysis: Charting a Path for a Resilient Recovery in Sub Saharan Africa
Countries need to ensure that the vast global fiscal support deployed to fight the pandemic also works to build a smarter, greener and more equitable future.
- Categories
- Coronavirus
- Region
- Sub-Saharan Africa
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Press Release: DFC Approves $3.6 Billion of New Investments in Global Development in Largest Quarter Ever
An additional 30 investments totaling more than $1 billion were approved by the agency since its last quarterly Board meeting in June, bringing total investments approved over the quarter to more than $3.6 billion.
- Categories
- Energy, Investing, Technology
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