Security Bank Corp. has taken a pioneering step by becoming the first Philippine bank to join the Alliance for Green Commercial Banks, a global initiative led by the International Finance Corporation (IFC), a member of the World Bank Group.
International Finance Corp. (IFC), the private sector arm of the World Bank Group, has appointed Amena Arif as its new country manager for the Philippines, aiming to strengthen private sector participation in economic growth.
BPI received the distinction of achieving the “Highest Estimated Greenhouse Gas Emissions Mitigated” in the East Asia and Pacific region, reducing an impressive 1,754 thousand tons of carbon dioxide equivalent per year.
Under their agreement, the SEC and IFC will collaborate on capacity-building initiatives for thematic bond issuers, investors, and domestic external reviewers.
The International Finance Corp. (IFC) of the World Bank is investing $130 million (P7.6 billion) in Asialink Finance Corp. (AFC) to supercharge opportunities for micro, small, and medium enterprises (MSMEs) in the Philippines.
The International Finance Corp. (IFC) led a $7-million (P400 million) investment in First Circle, the first financial technology company to be licensed by the Securities and Exchange Commission.