At the 9th of October, a panel of global and regional investors, a renewable energy developer, and a senior government official will discuss how success can be scaled; and explore the specific actions to leverage public energy financing for scaled up private flows. World Bank Group President Jim Yong Kim will open the discussion in a moderated conversation with Norway’s Foreign Minister Mr. Børge Brende.
Deadline: 08-Oct-2015 at 11:59:59 PM (Eastern Time – Washington D.C.)
The World Bank is looking for technical assistance in watershed management investment prioritization aimed at reducing sediments flow into the hydropower project. This ties into an ongoing project of the World Bank that help with the rehabilitation of the Kali Gandaki, a Hydropower Plant.
On July 7, 2015, the IFC and the AIFH have signed an agreement for a $21.5 million loan and $4.5 million equity investment by IFC in AIFH. This loan comes with support from the Dutch-funded Global Agriculture Food Security Program (GAFSP), and is intended for the construction and operation of a 45,000 tons per year processing plant in Rwanda for fortified cereals to treat child malnutrition. Continue reading
Earlier this year the IFC proposed, and the Board of Directors approved, an investment in the Dutch Afriflora Group. The agreement was signed on April 13, and the investment made a month later, on May 13, 2015. The investment consists of an IFC and MCPP senior secured €90 million (US$112 million equivalent) loan.
Afriflora is a family-run manufacturer and marketer of cut-rose products based in Ethiopia. Continue reading
Data released by the International Finance Corporation (IFC), the private sector arm of the World Bank Group, shows that Dutch investment bank FMO was the largest co-investor of the IFC in Fiscal Year 2014. Additionally, of the entire IFC portfolio, two of the five largest co-financiers were Dutch.
The IFC invests in private sector entities that are active in developing countries. However, as described in a previous blog post, the IFC’s share of the investment is typically no more than 25-35%. The remainder has to come from other investors. Continue reading