As part of the WBG Energy Business Plan for Nigera, IFC invested $75 million and the IFC African, Latin American and Caribbean Fund invested $30 million in Seven Energy, one of the few companies developing and commercializing stranded and flared gas.
Peru LNG was the largest foreign direct investment in Peru’s history. It has supported economic growth in some of Peru’s poorest regions, through its contribution to government revenues and community-development programs.
IFC’s Oil, Gas, and Mining group adds value to clients in through financing and advice on sustainability issues. Our mission is to help developing countries realize long term economic benefits from natural resources. These sectors are important for many of the world's poorest countries as they can provide jobs, economic opportunities, infrastructure, revenues to government, energy and other benefits for local communities.
We work with private sector companies through two investment teams: oil and gas and mining. We also coordinate closely with the World Bank's policy team that works with governments on oil, gas and mining regulations and revenue use.
We have investment teams based in over 20 countries that draw on their global expertise in delivering advice and innovative financing solutions to clients around the world.