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...
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...
The International Finance Corp. (IFC) has green-lit a loan package for Filipino firm Asialink Finance Corp. (AFC) to help boost small business lending in the Philippines. The private-sector lending arm of the World Bank Group (WBG) disclosed on Friday, Oct. 11, that the senior loan financing...
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) 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 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...
The International Finance Corp. (IFC) will invest in BDO Unibank, Inc.’s sustainability bond sale that aims to help finance marine and ocean-based projects while supporting the country’s climate goals. In a statement, IFC said on Friday, April 29, that the World Bank Group unit will subscribe...
The International Finance Corp. (IFC) and AboitizPower Corp. have signed an agreement to help assess the viability of renewable energy as a source of base load power in the Philippines. In a statement, IFC said on Wednesday, March 30, that it was tapped to conduct a joint in-depth study with...
The International Finance Corp. (IFC) has agreed to help Quezon City in improving the local government’s pandemic response efforts. In a statement, IFC said on Wednesday, March 23, that it will provide advisory services to the Philippines’ biggest city to “future proof” its vaccination...
The Department of Energy (DOE) and World Bank Group are soliciting inputs from industry stakeholders that they can incorporate in firming up the Offshore Wind Roadmap that will eventually serve as investment guide for such renewable energy (RE) installations in the country. In a recent...
The Sy-led BDO Capital & Investment Corporation is opening its doors to financing scheme that will align its project funding portfolio with the proposed energy transition mechanism (ETM) towards the phaseout of coal-fired power plants in the country within a specified timeframe. In an Energy...
