IFC partnered with SOFIHDES, a local financial institution, to successfully launch and deliver the Business Edge management training program in Haiti, helping its continued recovery from the 2010 earthquake in the country.
IFC is providing $285 million and mobilizing an additional $350 million for Braskem Idesa S.A.P.I. to construct and operate Etileno XXI, a greenfield petrochemical plant that will be located in the Mexican state of Veracruz.
IFC launched a 390 million Dominican peso bond to support the development of capital markets in the Dominican Republic and increase the availability of local-currency financing for private sector companies.
IFC is facilitating a $176 million financing package to Recaudo Bogota to develop and operate the fare collection, fleet management, and real-time information technology system for Bogota’s bus transportation system.
IFC, a member of the World Bank Group, is at the forefront of private sector development in Latin America and the Caribbean. We invest, advise, mobilize capital, and manage assets in order to drive sustainable private sector growth, eradicate poverty, and improve people's lives.
The Latin America and Caribbean region (LAC) accounts for the largest share of IFC commitments - 24 percent in fiscal year 2012, with $5 billion in financing for 134 new private sector projects. IFC LAC committed $3.7 billion from its own account in FY12, and mobilized an additional $1.3 billion in financing from its investment partners. Its $10 billion portfolio was managed by more than 200 officers based in 16 countries, and its Advisory Services executed 79 projects worth $81.6 million in FY12.
IFC's financial products enable companies in Latin America and the Caribbean to grow, manage risk and broaden their access to foreign and domestic capital markets.
Our Advisory Services
IFC's Advisory Services in Latin America and the Caribbean help ensure private sector projects are sustainable. We provide solutions in key sectors such as forestry, agribusiness, and extractive industries.