IFC Receives Second Multilateral of the Year Award from Trade Journal
In 2011, Infrastructure Journal, a leading sectoral publication, awarded IFC the “Multilateral Agency of the Year” prize, the second time IFC received this recognition from infrastructure professionals this year.
“It was an honor to receive this well-earned recognition from Infrastructure Journal on behalf of the Infrastructure and Natural Resources team,” said David Donaldson, Senior Manager for Infrastructure in Africa Region.
In 2010, IFC helped increase access to basic infrastructure services, a key development indicator, by investing in over 100 projects and advising governments on investments in the energy, transport, water, and information and telecommunications sectors. IFC delivered several project financings and was mandated lead arranger or global coordinator for several ground-breaking projects such as the Enerjisa transaction in Turkey, as well as the Dakar Diamniadio Toll Road in Senegal.
The awards ceremony was held on March 31, 2011 at the Natural History Museum in London, and attended by over 500 influential figures from infrastructure markets.
“The award confirms our peers in the infrastructure sector’s respect for our focus on reducing poverty while increasing access to infrastructure," Donaldson added.
IJ's award also recognized IFC’s noteworthy achievements in ramping up renewable energy and energy efficiency business from 23 percent of power sector investments in 2008 to 72 percent in 2010. In addition, IFC has worked to increase the participation of private enterprise in the water sector, one of the most sensitive sectors.
In January 2011, Project Finance Magazine awarded IFC the Multilateral Agency of the Year award for our work in the infrastructure sector in 2010. The award recognized IFC’s leadership in infrastructure investments and advisory services.
Contributed by Zibu Sibanda, Infrastructure and Natural Resources/Communications Practice Group