The first agreement will allow IFC
to support Ethiopian banks as part of a Global Trade Finance Program.
In the fiscal year 2018, which ended on June 30, the IFC
has invested $2.26 billion of its own funds and has mobilized another $0.68 billion from other investors.
He said, 'IFC
had a Program portfolio of around $800 million and wanted to increase it to over a billion USD.'
In a statement Thursday, the IFC
said it had signed a memorandum of understanding (MOU) with the Securities and Exchange Commission (SEC), under which they will partner to strengthen the country's regulatory framework and corporate governance practices.
Leaders of the IFC
referred to decisions given by the apex courts in Bangladesh and India declaring rivers as living entities and said the two neighbouring countries are thus also legally and ethically bound to keep the common rivers alive.
PM Phuc stressed that the cooperation between Viet Nam and IFC
has flourished not only in financial funding but also comments on macroeconomic and financial policies.
also supports the aspirations of Azerbaijan for the development of private sector.
will initially invest US$20 million for a 3.57% stake, with a further investment of US$40 million to increase its stake to 10% to occur if or when Iluka approves the construction of early works for the Sembehun project and upon completion and disclosure of the related Area 5 Environmental and Social Impact Assessment.
International Finance Corporation (IFC
) will assess the current state of readiness for Bank Alfalah to embark on a sustainable Green Banking business.
Faisal Rabbani, Chief Risk Officer at Bank Alfalah, said on the occasion, 'Bank Alfalah is a highly customer-centric organization while IFC
has global track record on Green Business Facilitation.
PLDT announced yesterday the signing of agreements under which IFC
Emerging Asia, a fund managed by IFC
Asset Management Co.
invested $2.26 billion from its account and mobilized another $0.68 billion from other investors during its fiscal year 2018, which ended in June 30.