Recent Highlights

BBVA Banco Continental (December, 2006)
IFC's $130 million financing package to Peru's BBVA Banco Continental includes $30 million to enable BBVA to expand its mortgage portfolio and loans to small and medium enterprises investing in energy efficiency and forestry projects. Read more>>

Tatfondbank (December, 2006)
IFC's partnership with Tatfondbank paves the way for IFC and Tatfondbank to jointly design a new financial product of the bank that will support the development of energy efficiency projects. Along with financing, local enterprises will benefit from IFC's technical assistance and advisory services to help them identify ways to save energy, become better informed about opportunities to supply equipment and engineering services, and develop effective business proposals for attracting financing for energy efficiency projects. Read more>>

Climate Convention (November 2006)
Speaking at COP-12 in Nairobi, Lars Thunell, IFC's Executive Vice President called on private companies and banks in developing countries to play a significant role in combating climate change. Read more>>

BRAC Afghanistan Bank (November 2006)
IFC's investment in a 16 percent stake in BRAC Afghanistan Bank will improve women's access to banking services by focusing on micro and small enterprise loans, and institutional and retail deposit accounts in Afghanistan. Read more>>

IFC Establishes Risk-Sharing Facility with Industrial Bank to Boost Energy Efficiency Project Lending in China (May 2006)
IFC's investment in a risk-sharing coverage of RMB 200 million ($25 million) will help Industrial Bank establish a loan portfolio of RMB 460 million ($58 million) of energy efficiency equipment loans to small and midsize energy users in China. Read more>>