August 16, 2013
Source: The Himalayan Times
International Finance Corporation (IFC), the private sector arm of the World Bank Group, has started discussions with domestic investment banks regarding issuance of local currency bonds to fund infrastructure and other development projects. More…
August 16, 2013
Source: The Voice of Vietnam
A leading official from the International Finance Corporation (IFC) of the World Bank Group has affirmed that the IFC has confidence in Vietnam’s long-term economic prospects and commits to supporting its growth during difficult times.
IFC Vice President for Asia Pacific Karin Finkeiston made the remark at an annual press conference held in Hanoi on August 15 to announce the outcomes of the IFC’s operations during the 2013 fiscal year (July 2012-June 2013). More…
March 18, 2013
Reposted from Vientiane Times
Mr.Santiphab Phomvihane and Mr.Ian Crosby sign the partnership agreement in Vientiane.
The International Finance Corporation (IFC), a member of the World Bank Group, has entered into a partnership with the Ministry of Natural Resources and Environment to improve laws and regulations and their enforcement, and to implement integrated water resources management. Deputy Minister of Finance Mr Santiphab Phomvihane and IFC’s sustainable business advisory manager for East Asia and the Pacific Mr Ian Crosby signed the US$2.4 million cooperation project in Vientiane. The project will run from now until 2017. More…
December 27, 2012
“You just need to do your research, build good local teams and make the right deals” – Doug Clayton
Reposted from The New York Times
By RON GLUCKMAN
PHNOM PENH, Cambodia — Investors started poking around for deals here five years ago, as the war-torn country began to move past its legacy of genocide and coups. When the global financial crisis struck, Cambodia’s fast-growing economy crashed and the dollars flowing from abroad evaporated. More…
June 27, 2012
Reposted from The Washington Post
Former Mongolian President Nambaryn Ennkhbayar waves to supporters recently. After his imprisonment on corruption charges, he went on a hunger strike.
By The Associated Press
ULAN BATOR, Mongolia — Mongolians vote for a new legislature this week facing a fortunate choice: How best can the landlocked, still poor country spend an expected windfall from its mining boom?
The main political parties in Thursday’s elections are offering variations on using royalties and revenues from mammoth coal, copper and gold mines to build out pension systems, fund development projects and give Mongolians shares in state companies and even cash outright. More…
June 17, 2012
Reposted from Bloomberg
By Ainhoa Goyeneche
Following is the text of the mission statement from the International Monetary Fund visit to Haiti:
A mission from the International Monetary Fund (IMF) headed by M. Boileau Loko visited Port-au-Prince from June 4 to 8, 2012 for discussions related to the Fourth Review under the Extended Credit Facility (ECF) arrangement. The mission met with Prime Minister, Laurent Lamothe, Minister of Economy and Finance, Marie Carmelle Jean-Marie, Minister Delegate responsible for human rights and combating extreme poverty, Marie Carmèle Rose Anne Auguste, Governor of the Bank of the Republic of Haiti Charles Castel, other senior government officials, and representatives of the banking sector and development partners. More…
May 27, 2012
Reposted from the World Bank Group
By Robert B. Zoellick
It’s a great pleasure to join you today for IFC’s 14th Annual Global Private Equity Conference in association with the Emerging Markets Private Equity Association, or EMPEA.
The story of this conference is emblematic of how the world economy has changed: Fourteen years ago, a small group met in the basement of IFC to discuss the prospect of private equity in developing countries. More…
March 27, 2012
Reposted from The Miami Herald
By Jacqueline Charles
The IFC, a member of the World Bank Group, announces its first private equity investment in Haiti, an investment fund seeking to create jobs and economic growth.
The World Bank’s private sector arm is investing up to $10 million in Haiti in hopes of spurring jobs and economic growth in the quake-recovering nation. More…
February 12, 2012
Reposted from BBC Worldwide Monitoring
Vietnamese Deputy Prime Minister Vu Van Ninh
Washington , 11 February – A senior delegation from the Vietnamese Government, headed up by Deputy Prime Minister Vu Van Ninh, paid an official visit to the US from 7-11 February.
While in Washington, Deputy PM Ninh met separately with President pro-tempore of the US Senate Daniel Inouye, Senator Jim Webb, US Secretary of Commerce John Bryson, US Trade Representative Ron Kirk, World Bank (WB) President Robert Zoellick and Deputy Managing Director of the International Monetary Fund (IMF) Naoyuki Shinohara. More…
November 22, 2011
Reposted from Kuensel Online
The World Bank
The World Bank member seeks to invest in banking, tourism, infrastructure and small enterprises World Bank The international finance corporation (IFC), a member of the World Bank, is looking to invest in banking, tourism, infrastructure and small enterprises in Bhutan.
The executive vice president and chief executive officer of IFC, Lars Thunell, who was in the capital yesterday, said that IFC will be looking at increasing its association with the Bhutanese private sector. More…