A world-wide Finance Corp. programs wider exposure in Philippines

A world-wide Finance Corp. programs wider exposure in Philippines

Fresh from it is anchor investment in Ayala-led AC Energy’s green bonds, the International Finance Corp . (IFC) said it plans to widen it is exposure investments in the country for climate-smart commercial infrastructure and then affordable housing in the near term . In a meeting yesterday, Vivek Pathak, director of IFC’s East Asia and Pacific Department, said they plan to invest more in green infrastructure , particularly in logistics and then power. At the same time, IFC is also interested in investing in firms and then financial institutions that can spur the building of more affordable housing that are climate-friendly.

Pathak was in the country to meet with several banks and then organizations for potential clients for green finance . He said these include other companies under the Ayala Group and then “one major bank.” “So we are now looking at several areas, we are looking at infrastructure, so that’s a big component. We are also considering affordable housing,” he said.

“At the same time taking to more and more banks because we want to get them to be more interested,” he said. IFC, a member of the World Bank Group, is placed on making investments in the private sector. Around 68 percentage of its porfolio is now dedicated to green finance and it wants to grow this significantly, Pathak said.

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