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IFC - International Finance Corporation (via Public) / IFC, Proparco, and Cerba Lancet Africa Partner to Expand Diagnostic Capacity, Support COVID-19 Response in Africa

05/28/2021 | Press release | Distributed by Public on 05/28/2021 11:19 IFC, Proparco, and Cerba Lancet Africa Partner to Expand Diagnostic Capacity, Support COVID-19 Response in Africa ​ Johannesburg, South Africa, May 28, 2021-To strengthen diagnostic capacity and the health response to COVID-19 in Africa, including in some of the continent s poorest and most fragile countries, IFC, Proparco, and Cerba Lancet Africa today announced a partnership to increase patient access to a range of laboratory tests. Expanding access to diagnostics and laboratory testing is a critical part of tackling COVID-19, which has exposed vulnerabilities in health systems across Africa and the need for increased testing and laboratory services.

IFC - International Finance Corporation (via Public) / IFC Supports Khyber Pakhtunkhwa With Strategy to Boost Investments in the Province

IFC Supports Khyber Pakhtunkhwa With Strategy to Boost Investments in the Province ​ Peshawar, Pakistan, May 20, 2021- A quick response COVID-19 task force to help save as many existing foreign direct investment projects as possible in Khyber Pakhtunkhwa (KP) province is one of the key elements of a new investment promotion strategy, launched by the KP Board of Investment and Trade (KP-BOIT) in partnership with IFC, a member of the World Bank Group. KP-BOIT s new five-year strategy is centered on proactively attracting investments and creating jobs. It also aims to generate reinvestment in the province and link foreign direct investment, FDI, to the domestic private sector to help kick-start businesses, and minimize losses, lay-offs and divestments to reduce the most immediate short-term implications of COVID-19 and promote new investment to support the recovery effort.

IFC and Absa Bank Partner on Africa s First Certified Green Loan to Support Green Energy Projects

IFC and Absa Bank Partner on Africa s First Certified Green Loan to Support Green Energy Projects 05/06/2021 | 02:45pm EDT Send by mail : Message : Required fields Johannesburg, South Africa, May 6, 2021-Africa s first certified green loan, announced today by IFC to Absa Bank Ltd., will increase funding for biomass and other renewable energy projects in South Africa, supporting the country s power sector and economic recovery from COVID-19. IFC, a member of the World Bank Group, will provide Absa Bank Ltd., one of Africa s largest financial services groups, with a loan of up to $150 million to support the bank s strategy to expand​ its climate finance business and help South Africa meet its greenhouse gas reduction targets.

IFC - International Finance Corporation (via Public) / IFC Supports the Improvement of Critical Transport Infrastructure in Bulgaria to Drive Sustainable Growth

IFC Supports the Improvement of Critical Transport Infrastructure in Bulgaria to Drive Sustainable Growth ​​ Sofia, Bulgaria, April 20, 2021-A private sector-led investment and upgrades to Sofia Airport will help drive economic growth in Bulgaria by enabling increased international trade and tourism, creating jobs and adding value along one of the critical transport infrastructures in the country s supply chain. IFC, a member of the World Bank Group, is providing €30 million to SOF Connect AD, the Sofia Airport concessionaire, to support its operations and infrastructure upgrades. This is the first major airport-sector transaction to close in the Europe and Central Asia region since the onset of the COVID-19 pandemic. As part of the total financing package of €240 million, IFC s funding will be used to modernize and upgrade the airport, including refurbishment and optimization of existing terminal facilities and aircraft gates to boost efficiency, provide quality passenger

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