International Finance Corporation (IFC)

Company description

The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C., USA. It was established in 1956 as the private sector arm of the World Bank Group to advance economic development by investing in strictly for-profit and commercial projects that purport to reduce poverty and promote development.

Company details

City:
Washington
Address:
2121 Pennsylvania Avenue, NW Washington, DC 20433 USA

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • January 24, 2024

    US$222.5 million First close reached for Africa50 Infrastructure Acceleration Fund (Africa50 – IAF)

    Africa50 has achieved the first close for the Infrastructure Acceleration Fund, securing US$222.5 million in commitments. Africa50-IAF has garnered the involvement of 16 African institutional investo...

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  • January 05, 2024

    Financing package signed for US$500 million Energy Inclusion Fund

    The International Finance Corporation (IFC) has signed a US$80 million financing package to bolster the Facility for Energy Inclusion (FEI), a pan-African fund dedicated to advancing small-scale decen...

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  • January 02, 2024

    USD 5 billion Agreement inked for 1500 MW hydropower project in Mozambique

    The government of Mozambique has signed partnership agreements with the EDF-led consortium for the implementation of the USD 5 billion Mphanda Nkuwa hydropower project in the Tete Province, north...

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  • December 19, 2023

    Financial close for 60 MW Mmadinare Solar Complex

    Scatec ASA has reached financial close on the first 60 MW of the 120 MW Mmadinare Solar Complex in Botswana. In Q3 of 2023, Scatec secured a 60 MW expansion to the project, increasing the total capac...

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  • September 27, 2023

    Financial Close on 120 MW Solar Power Plant in Tunisia

    AMEA Power announced that it has reached financial close on its 120 MW solar PV project located in Kairouan governorate, Tunisia. This solar facility is being executed by Kairouan Solar Plant, a proj...

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  • April 26, 2023

    EBRD leads on financing for 140 MW solar PV PPP project in Fier

    The European Bank for Reconstruction and Development (EBRD) has announced that it will be providing EUR29 million (US$32 million) in financing to an Albanian special-purpose vehicle which is owned by...

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  • March 30, 2023

    IFC grants US$160mn loan to support the blue economy in Ecuador

    The International Finance Corporation (IFC) has granted a sustainable loan worth US$160 million to Produbanco, one of the top banks in Ecuador. The loan is aimed at promoting the blue econom...

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  • March 27, 2023

    JERA concludes acquisition of minority stake in in Gia Lai Electricity Joint Stock Company

    JERA Co. Inc. has completed the acquisition of a 35.1% stake in Gia Lai Electricity JSC (GEC) from the energy development arm of TTC Group. The acquisition was made through a full buy-out of the GEC s...

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  • February 28, 2023

    RGreen Invest, Echosys achieve first closing for investment fund

    Rgreen Invest and Echosys have announced the first closing of their new Afrigreen Debt Impact Fund, aimed at financing solar power production across Africa. The first closing, totaling EUR87.5 million...

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  • February 27, 2023

    Masdar starts commercial operation of 200 MW solar project in Jordan

    Masdar, together with Finnish investment and asset management group Taaleri, has started the commercial operation of the 200 MW Baynouna Solar Photovoltaic Park located near the capital city of A...

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