THE private sector arm of the World Bank Group, the International Finance Corp. (IFC), is investing $15 million in the Southeast Asia Clean Energy Fund II (Seacef 2). In a statement, the IFC said the investment platform will provide equity for early-stage and growth-stage investments in energy projects in Southeast…
(Bloomberg) As the finance industry faces mounting pressure to play its part in fighting the climate crisis in the developing world, bankers point to a significant hurdle—one the World Bank and other public sector financiers have yet to remove.Most Read from BloombergRussia Says Ukraine Downed Plane Carrying 65 Prisoners for SwapApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028Trump Races Toward 2024 Biden Rematch After New Hampshire WinChina Boosts Stimulus by Allowing B
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The World Bank s private investment arm has mobilised nearly $1 billion to rebuild Ukraine s private sector and is shifting its broader investment focus towards equity, its managing director told.