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...
Sustainable properties have the perception of being expensive, exclusive, and out of reach for ordinary people. EDGE certification, an innovation of the International Finance Corporation (IFC), a member of the World Bank Group, is seeking to change that by simplifying the certification process with...
The International Finance Corp. (IFC) is investing in a social bond to be issued by Ayala Corp.’s foreign subsidiary that will fund the development of an integrated health ecosystem in the country. The IFC, a member of the World Bank Group, said on Thursday, Nov. 11, that it invests $100 million...
Listed firm Aboitiz Power Corporation will be tapping green bonds as well as the clean energy-leaning loan facilities of the Asian Development Bank (ADB) and International Finance Corporation (IFC) to bankroll its expansion projects – primarily targeted renewable energy (RE) installations. “We...
World Bank’s investment-arm International Finance Corp. (IFC) is investing in Union Bank of the Philippines’ “social bond” that aims to finance loans to micro, small and medium-sized enterprises (MSMEs). In a statement, Alfonso Garcia Mora, IFC Asia and Pacific vice president, said Friday,...
To secure its future as a low cost carrier (LCC), Cebu Air Inc. (Cebu Pacific or CEB), has obtained US$250 million fresh funds from the International Finance Corporation (IFC), the IFC Emerging Asia Fund, and Indigo Philippines LLC, an affiliate of Indigo Partners LLC. The investment of the triad,...
The International Finance Corp. (IFC) and United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) have cited the Insular Life’s (InLife) Sheroes program, digital sales system, and health care subsidiary. In an IFC-UN Women report, InLife was listed among the global...
The International Finance Corp. (IFC) plans to issue loan financing to the country’s largest microfinance institutions to help them remain afloat and save jobs as the Philippines grapples with the economic impacts of the COVID-19 pandemic. In a statement, IFC said the World Bank Group member...
