Posts Tagged ‘Democratic Republic of Congo’

IFC investments in Africa touch $1.8 billion in one year

By Naagesh, N. Microfinance Focus, August 19, 2009: The International Finance Corporation (IFC), the World Bank's private sector arm, announced on Wednesday that it committed $1.8 billion worth of new investments across 30 countries in Africa in the fiscal year ended June, as it rapidly increased activities to help microfinance and other financial advisory services or guarantees in Africa. IFC’s investments represented a 32% increase over the $1.4 billion in commitments recorded a year earlier. IFC also delivered $26.1 million worth of advisory services, up from $18.6 million a year ago, as it expanded activities to have more impact in countries affected by conflict and where the private sector is at the very early stages of development. Full story
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