Press Releases

Shanghai Pudong Development Bank Joins IFC Program to Fund Energy Efficiency Projects in China, Helping Reduce Greenhouse Gas Emissions
Shanghai, June 17, 2008— Shanghai Pudong Development Bank, one of China’s leading national joint stock banks, and IFC, a member of the World Bank Group, today signed an agreement to collaborate to support energy-saving projects that will help reduce ...more

IFC, Bank of Beijing Support Cleaner Production and Help Small and Midsize Businesses Reduce Greenhouse Gas Emissions
Beijing, March 26, 2008—Support from IFC, a member of the World Bank Group, has enabled the Bank of Beijing to invest in energy efficiency programs in China that will lower energy consumption, reduce emissions, and improve the financial returns of ...more

Industrial Bank and IFC Collaborate to Expand Energy Efficiency Loans and Cut Greenhouse Gas Emissions in China
Beijing, February 25, 2008—Industrial Bank, a pioneer in providing energy efficiency financing in China, and IFC, a member of the World Bank Group, today signed a cooperation agreement to deepen their collaboration in supporting energy saving and ...more

IFC Helps China’s Industrial Bank Support Cleaner Production and Reduce Carbon Dioxide Emissions
Beijing, February 12, 2007 - IFC, the private sector arm of the World Bank Group, today approved the first loan under the IFC China Utility-Based Energy Efficiency Program. Industrial Bank, the CHUEE program’s initial banking partner, will disburse ...more

IFC Establishes Risk-Sharing Facility with Industrial Bank to Boost Energy Efficiency Project Lending in China
Shanghai, May 17, 2006 - The International Finance Corporation, the private sector arm of the World Bank Group, today signed an agreement to provide Industrial Bank with risk-sharing coverage of RMB 200 million ($25 million).  This will help ...more