International Finance Corp. (IFC) is helping Asialink Finance Corp. explore the creation of a specialized affordable housing finance company (AHFC) to expand access to home financing for low-income and informal borrowers in the Philippines. The World Bank Group’s (WBG) private-sector arm...
International Finance Corp. (IFC) expects its investment in Aboitiz-led Union Bank of the Philippines’ (UnionBank) inaugural sustainability bond to broaden access to climate finance, expand lending to micro, small, and medium enterprises (MSMEs), as well as encourage more Philippine financial...
International Finance Corp. (IFC), the World Bank Group’s (WBG) investment arm, is investing $100 million in Union Bank of the Philippines’ (UnionBank) first sustainability bond to help the Aboitiz-led bank expand its green and social asset portfolio. In a disclosure to the Philippine Stock...
International Finance Corp. (IFC), the World Bank Group’s (WBG) private-sector arm, is supporting a new initiative to expand lending to micro, small, and medium enterprises (MSMEs) in the Philippines, particularly in underserved areas outside Metro Manila, as part of efforts to improve...
The Asian Development Bank (ADB) has approved an up to $30-million equity investment in a regional infrastructure fund that will bankroll projects, including those in the Philippines, to support energy transition and digital infrastructure in Southeast Asia. Documents showed that the Manila-based...
SINGAPORE — The Department of Transportation (DOTr) is confident that more private-sector bidders will participate in the Philippines’ upcoming railway public-private partnership (PPP) projects as the government increasingly taps multilateral development banks (MDBs) to provide financing...
Maynilad Water Services Inc. has tapped International Finance Corp. (IFC) for a $500,000 infrastructure advisory services project aimed at strengthening the west zone concessionaire’s sustainability and resilience strategy. In a disclosure last Monday, June 15, IFC said the project was approved...
SINGAPORE — The Philippines is among the countries best positioned to help meet Asia’s rapidly growing electricity needs, with its rich geothermal resources as well as expanding wind and solar sectors offering significant potential for renewable energy (RE) development, according to...
International Finance Corp. (IFC) is collaborating with Thailand-based renewable energy (RE) developer Sermsang Power Corp. Public Co. Ltd. as the latter pursues its planned entry into the Philippines through a proposed RE generation project on Negros Island. In a disclosure over the weekend, the...
New York-based global asset management giant BlackRock Financial Management Inc. (BlackRock) is looking to expand investments in Southeast Asia, including the Philippines, through a climate-focused infrastructure debt fund backed by International Finance Corp. (IFC). In a May 20 disclosure, the...
International Finance Corp. (IFC) is preparing what could become its first securitization deal in the Philippines backed by small and medium enterprise (SME) loans, as the World Bank Group’s (WBG) private-sector lending arm ramps up efforts to expand access to financing for underserved businesses...
International Finance Corp. (IFC) has approved its planned investments in two private equity (PE) funds that are eyeing investments in the Philippines and the broader Southeast Asian region. In disclosures last May 7 and April 24, respectively, the World Bank Group’s (WBG) private-sector lending...
