The World Bank Group (WBG) will extend to the Philippines between $22 billion and $23 billion—or as much as over ₱1.2 trillion—in loan and other financing starting mid-2025 until 2031 to support both public and private initiatives aligned with the country 's climb to upper-middle-income...
A couple of funds backed by the International Finance Corp. (IFC) will help bankroll infrastructure build-up in the Philippines, including "green" projects. Documents seen by Manila Bulletin showed that the IFC, the World Bank Group 's private-sector lending arm, on May 8 approved its...
Homegrown non-bank lender Asialink Finance Corp. (AFC) has secured a $130 million (around P7.605 billion) financing deal with the International Finance Corporation (IFC), a World Bank Group member, aimed at improving its working capital and support for small businesses, especially those owned by...
The International Finance Corp. (IFC) has extended a $150-million loan package to Asialink Finance Corp. (AFC) so it can lend to small, especially women-owned, businesses in the Philippines. The Washington-based private-sector lending arm of the World Bank Group (WBG) disclosed on Dec. 26 that the...
The International Finance Corporation (IFC), a member of the World Bank Group, has called on the Philippine private sector to intensify efforts in disaster risk reduction (DRR) and resilience building. “People talk about DRR here; the government has a lot to say about DRR, but the private sector,...
Southeast Asian countries like the Philippines stand to benefit from greater interest among global investors looking to finance profitable and scalable decarbonization as well as "green" projects in the region. On the sidelines of the ongoing 29th Conference of the Parties (COP29) to the United...
Ayala Land Inc. (ALI) has secured a $250-million (about P14.3-billion) loan from the International Finance Corp. (IFC) to fund its net-zero emissions ambition, including the "greening" of 10 malls in Cebu and Metro Manila. The IFC disclosed on Monday, Oct. 14, that it already invested in ALI's up...
The International Finance Corp. (IFC) will assist the Philippine government in rolling out five big-ticket public-private partnership (PPP) infrastructure projects, worth a total of P62 billion. The private-sector arm of the World Bank Group recently disclosed it will provide transaction advisory...
The International Finance Corp. (IFC) is ramping-up investments in non-bank lenders in the Philippines, in line with its push to support more small businesses and boost financial inclusion. The IFC disclosed on Aug. 28 that its board will approve on Sept. 27 a loan investment in Asialink...
The International Finance Corp. (IFC) has acquired a stake in fintech company First Circle for $7 million (about P410 million), to help boost lending to small and medium enterprises (SMEs) in the Philippines. A June 15 disclosure showed that the IFC board approved on June 13 its equity investment...
The International Finance Corporation (IFC), which serves as the World Bank Group’s (WBG) private sector investment arm, lauded the Philippines’ new and improved policy framework for public-private partnerships (PPPs). In a meeting with Finance Secretary Benjamin E. Diokno, IFC Regional Vice...
The International Finance Corp. (IFC) said it will assist the Communication and Renewable Energy Infrastructure (CREI) Phils Inc. in funding the construction of shared telecommunications towers across the country. Jean-Marc Arbogast, IFC Philippines country manager, said on Thursday, Aug. 4, that...
