IFC has been at the leading edge of catalyzing private capital for development. Through our IFC 3.0, or Creating Markets approach, we use a wide toolkit of approaches to generate investable opportunities, from policy reforms to project development. We work together with the World Bank to create the greatest impact. And we crowd in the much-needed private capital.
Our innovative platforms make it easier for investors—ranging from commercial banks to insurance companies and sovereign wealth funds—to join us in accelerating development in challenging markets. Here are a few examples of our work:
- In the Philippines, IFC invested in the first few green bond issuances for a total of $450 million. Since then, the total cumulative green and social bonds issued in this market amounts to over $3.85 billion. This scaling up would not have been possible without IFC laying the groundwork by working with regulators, setting standards, and supporting issuers on the structuring of green bonds.
- By the time EDGE was launched in Colombia, green building certification was less than one percent of new build each year. By 2019 it had penetrated 7% of all new building, due to a confluence of banking and government incentives. In 2020, over 15% of new build was EDGE certified.
