IFC is facilitating a $176 million financing package to Recaudo Bogota to develop and operate the fare collection, fleet management, and real-time information technology system for Bogota’s bus transportation system.
More than 200 regulators, commercial bankers, and representatives of non-governmental organizations will gather next month in Beijing to discuss ways of enabling and scaling up lending to environmentally friendly projects.
IFC is scaling up infrastructure investments that have the most impact such as low-income developing countries. We are continuing our work in early stage project development, and expanding our investments in harder sectors such as water.
IFC is taking a leading role in supporting private sector efforts to mitigate climate change through renewable energy and energy efficient investments, in collaboration with the World Bank Group. By having a greater presence in developing countries, we are improving responsiveness to client needs and leveraging partnerships with other international financial institutions and donors, to ensure a coherent approach to infrastructure development.