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EXPLAINED: International finance corporation | Rare Historical Photos

World Bank should focus on mobilising greater private capital and creating jobs, says FM Sitharaman

Nirmala Sitharaman emphasized the importance of private capital in creating jobs and boosting productivity during her address. She outlined six priorities for the World Bank Group to enhance its development impact, integrating private sector engagement. Sitharaman highlighted the need for affordable financing and addressing market failures to foster job creation.…

The Economic Times · Oct 15

Trump press secretary Katie Zacharia faces questions over law credentials

Katie Zacharia, the new White House press secretary, is facing questions about her legal credentials and background. Although she claims to be a lawyer, there is no evidence she has passed any bar exam. The White House has defended her, stating she is uniquely qualified for her role. Concerns have…

The Economic Times · Oct 15

Questions swirl about new White House press secretary's resume

The new White House press secretary is facing mounting questions about her background and resume as she transitions into her role as the public face of the Trump administration

The Independent UK · Oct 14

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World Bank helps mobilise $36 billion in private capital to support job creation in India since FY22

Private capital mobilisation by the World Bank Group has grown nearly five-fold in four years, rising from approximately USD 3 billion in FY22 to USD 14.5 billion in FY26 and unlocking a cumulative USD 36 billion for development across sectors, Manuel Reyes-Retana, Division Director, South Asia, IFC, a member of…

The Economic Times · Oct 14

Bandhan Bank shares jump 7% as Abu Dhabi’s IHC explores stake in promoter Bandhan Financial Services

Bandhan Bank shares jumped nearly 7% after reports that Abu Dhabi-based IHC was in early-stage discussions to acquire a promoter stake in Bandhan Financial Services, potentially giving existing investors an exit opportunity.

The Economic Times · Oct 13

International Finance Corporation announces $371 million investment in data centre operator Sify

The International Finance Corporation is investing $371 million in Sify Technologies. This funding will develop two new data centres in Navi Mumbai and Chennai. These facilities will be AI-ready and energy-efficient. The investment supports India's growing digital needs and expansion of its data centre capacity. This move is set to…

The Economic Times · Jun 18

IFC commits USD 50 million to Hygenco to promote green hydrogen in India

International Finance Corporation is investing USD 50 million in Hygenco Green Energies. This funding supports green hydrogen projects across India. The investment aims to scale up competitive green hydrogen supply for industries. Hygenco will develop projects and strengthen supply chains. This initiative will create jobs and support India's energy transition.

The Economic Times · Jun 5

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NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bonds

The PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development Bank (NDB). This expands investment options for both government and private sector NPS funds, previously limited to bonds from IBRD, IFC, and ADB. Other conditions like credit rating and maturity…

The Economic Times · May 14

World Bank's IFC Ramps Up Investment Amid Global Uncertainty

While the world economy faces instability from US President Donald Trump's threats of a global trade war, the International Finance Corporation (IFC) is dramatically ramping up its investment activities.

International Business Times · Jul 3, 2025

South Africans say no to energy price hike amid power shortage crisis

In tonight's edition: South Africa's energy crisis could land the government in court, as opposition groups and trade unions threaten to sue over a decade of crippling blackouts. Also, as the World Economic Forum kicks off in Davos, the head of the International Finance Corporation tells FRANCE 24 that now…

France 24 · Jan 17, 2023

World Bank Grants Yemen $100 Mn to Expand Electricity Access

The World Bank approved a $100 million grant to Yemen for the second phase of the Yemen Emergency Electricity Access Project, announced Minister of Planning and International Cooperation Waed Badhib. Badhib said that the project aims to increase access to electricity in rural areas and cities' outskirts and plans to…

Asharq Al-Awsat · Jul 3, 2022

Yemen Agrees with World Bank to Support Institutions, Achieve Economic Recovery

The World Bank agreed to support government institutions and achieve economic recovery in Yemen, Prime Minister Maeen Abdulmalik has announced. Abdulmalik said Yemeni officials met with World Bank and International Finance Corporation officials in Aden. The meeting resulted in an agreement on boosting the Bank's presence in the interim capital…

Asharq Al-Awsat · Jun 29, 2022

Cambodia’s microloan sector under scrutiny as poor drown in debt

International Finance Corporation’s watchdog is probing claims loans aimed at hard up are harming communities.

Al Jazeera · May 26, 2022

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