On July 9, 2024, the International Finance Corporation (IFC) announced a groundbreaking investment in Mongolia’s first social bond. This landmark initiative is set to catalyze […]
Tag: IFC
AFRIGREEN: New Fund for Empowering Africa’s Solar Energy Financing
AFRIGREEN is a €100 million Debt Impact Fund (with a €125 million hard cap) dedicated to financing renewable energy projects across Central and West Africa, […]
Colombia Places Biodiversity Bond with IFC and BBVA Colombia
Colombia has taken a significant step towards biodiversity conservation by issuing its first biodiversity bond with IFC and BBVA Colombia. On July 12, 2024, Colombia places biodiversity bond issued by Banco Bilbao Vizcaya Argentaria Colombia S.A. (BBVA) Colombia and the International Finance Corporation (IFC) subscribing to Colombia\’s first biodiversity bond, raising $15 million for environmental projects with a proposed subscription of upto $35 million. The bond is expected to total $70 million over three years and will be used to finance projects that support biodiversity in Colombia.