New Global Green Bond Partnership launched

It will provide technical assistance and support the development of innovative funds to mobilise investor capital

First $60m green bond issued in Lebanon

It will be used to promote environmentally-friendly projects and fight climate change

Ukraine gets €53m energy efficiency boost

The IFC, a member of the World Bank, will manage the funding from the EU and Germany

IFC provides $200m for Brazilian port’s power plant

The funding will help develop, build and operate a thermal power plant in the Port of Sergipe

IFC backs Jordan solar project with $188m finance

A solar power project expected to be the largest to date in Jordan has received financing of up to $188 million (£133m). IFC, a member of the World Bank, is supporting the 248MW Baynouna facility developed by Masdar, Abu Dhabi Future Energy Company. The solar plant is expected to generate enough electricity to power around […]

Nepal banks on promoting sustainable finance

A bank in Nepal is partnering with IFC, a member of the World Bank Group, to promote sustainable finance. IFC will help Nepal Rastra Bank (NRB), the central monetary authority of the country, adopt improved environmental and social risk management practices to strengthen its portfolio performance, generate business opportunities and boost competitiveness in the region. […]

India inks deal for lowest tariff solar energy project

An Indian state has signed an agreement for a solar power project, with a record low tariff. According to IFC, a member of the World Bank Group, which is the lead transaction advisor for the project, a tariff of 4.4 cents/kWh was offered through a bidding process. It states the 750MW project achieved the lowest […]

Egypt secures $50m loan for green projects

A member of the World Bank Group is providing a $50 million (£40m) loan to support sustainable projects in Egypt. The IFC is lending the money to the Arab African International Bank (AAIB) as part of a $100 million (£80m) package to help scale up its lending operations to small and medium enterprises (SMEs) and […]

Pakistan’s 720MW hydro project secures funding

A 720MW hydropower project in Pakistan has secured its last $100 million (£82.36m) of funding. IFC, a member of the World Bank Group, provided the finance to the $1.7 billion (£1.4bn) Karot hydropower development on the Jhelum River, which aims to address severe power shortages and spur growth across the nation. Karot is one of the largest private sector renewable energy projects in the country and has […]

IFC and Carbon Trust agree to beef-up sustainability

A deal has been agreed to improve productivity and reduce emissions in Brazil’s beef industry. World Bank member IFC and sustainability experts Carbon Trust have signed a Memorandum of Understanding (MoU) to support a major pilot programme to transform the resource efficiency of the sector and its supply chain. It is currently responsible for over […]