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Tag: IFC

IFC bond to boost Nigeria’s markets

Jan 23, 2013 8:30am by Eleanor Whitehead
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Nigeria’s capital markets received a filip in October when the country was admitted to JP Morgan’s emerging market Government Bond Index, a move that that could potentially attract $1.5bn of new capital inflow into the country. Now there’s some more good news for sub-Saharan Africa’s second biggest economy, and this time it is the thinly-traded corporate debt market which stands to benefit.

The International Finance Corporation, the World Bank’s investment banking arm, is getting ready to launch a five-year naira-denominated bond, aimed to develop local capital markets. Continue reading »

Tags: , , , Posted in Africa, Nigeria |

Guest post: the IFC, poverty and the private sector

Dec 31, 2012 2:03pm by beyondbrics
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Jin-Yong Cai, IFCBy Jin-Yong Cai of the International Finance Corporation

Four years after the global financial crisis struck, the world still faces major economic challenges. Shocks from Europe, Asia or the US could undermine recoveries in many developing countries, hurting the poor the most. Continue reading »

Tags: , , Posted in Global |

IFC in the Middle East: short of partners

Sep 6, 2012 3:27pm by Stefan Wagstyl
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“Don’t forget, revolutions are expensive”, says Dimitris Tsitsiragos. He should know: his responsibilities as a vice president at the International Finance Corporation include north Africa and the Middle East, not least the countries hit by the Arab Spring.

The IFC, the World Bank’s private sector arm, has, in the last five years, boosted its annual commitments to the region by nearly 50 per cent to over $2bn. But, Tsitsiragos says it’s not enough: without more private sector involvement, the region cannot generate the investments required to produce faster economic growth and more jobs. Continue reading »

Tags: , Posted in Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, MidEast, Morocco, Oman, Qatar, Saudi Arabia, United Arab Emirates |

IFC chief: eurozone crisis will hit poor countries hardest

May 28, 2012 9:57am by Stefan Wagstyl
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While the eurozone makes headlines with its travails, the worst impact of the crisis is far away from Europe – in the world’s poorest countries.

So says Lars Thunnel, the chief executive of the International Finance Corporation, the World Bank’s private sector arm. Echoing last week’s remarks by Christine Lagarde, the IMF managing director, Thunnel told beyondbrics: “We are concerned the poorest people and the poorest countries are hurt worst in a crisis.” Continue reading »

Tags: , , Posted in Global |

Africa: IFC says PPP is the ABC

May 8, 2012 4:43pm by Andrew England
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Africa’s huge lack of infrastructure is the inescapable topic when discussing the continent’s growth prospects. And it is easy to see why. Chronic power problems affect 30 African states; less than 5 per cent of African agricultural land is irrigated; only one in three Africans in rural areas has access to an all-season road and transport costs in sub-Saharan Africa are the highest in the world.

One way to tackle the shortfall is a rise in public private partnerships (PPPs) and an increased role from the private sector in building roads, railways and power stations. And Lars Thunell, chief executive of the International Finance Corporation, the investment arm of the World Bank, hopes the tide is beginning to turn. Continue reading »

Tags: , , , Posted in Africa |

BB: time to register

Dear beyondbrics readers,

After more than three years of fully open access, we are taking the step of asking our readers to register on FT.com to read our articles. Beyondbrics will still be free but we'd like to know a bit more about you, our readers. Other FT blogs (including Alphaville) already do the same thing. Registration is active on beyondbrics from May 6.

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