A cooperation agreement signed with the Solomon Islands government will allow IFC to expand its operation, attract more investors to the country, and strengthen its private sector to create jobs and improve the livelihoods of its people.
IFC will issue a 1 billion renminbi-denominated bond (equivalent to about $165 million) in March 2014 to increase foreign investment in China and support the internationalization of the Chinese currency.
In an op-ed in the Jakarta Globe, IFC Manager for Indonesia, Sarvesh Suri, describes why companies should practice good corporate governance, as the country weathers the current period of economic volatility.
In February, more than 30 hydropower companies in Lao People’s Democratic Republic attended the first meeting of a working group that aims to develop hydropower that is both commercially viable and environmentally sustainable.
In an interview with The Wall Street Journal, Karin Finkelston, IFC Vice President for Asia-Pacific, described why a mandate signing between IFC and Yangon Electricity Supply Board was so important for Myanmar’s economic growth.
IFC in East Asia and the Pacific focuses on supporting sustainable, private sector-led development to ensure the region’s economic growth reaches all segments of society. Around half of our investments in fiscal year 2012 were in the region’s poorest countries with IFC opening up access to finance for small and medium enterprises, connecting rural households to electricity for the first time, improving access to healthcare, and fighting climate change by improving energy efficiency.