IFC Archives

November 20, 2024

Singapore, November 2024—IFC’s projects delivered significant impact across Asia Pacific in the last fiscal year, addressing pressing development challenges including climate change, gender inequality, food insecurity, and financial inclusion, while creating jobs and improving services across the region. IFC, the largest global development institution focused on the private sector in emerging markets and […]

August 29, 2024

Colombo, Sri Lanka, August 29, 2024—The International Finance Corporation (IFC) has joined forces with Diversity Collective Lanka (DCLK) and Women in Management (WIM) to launch a first-of-its-kind training program aimed at combating gender-based violence and harassment (GBVH) in Sri Lanka’s private sector. The two-year training of trainers initiative will enhance business and social […]

May 13, 2024

Colombo, Sri Lanka, May 13, 2024—In a move to spur sustainable investments in Sri Lanka, the International Finance Corporation (IFC) and the European Union (EU) partnered with the Commercial Bank of Ceylon (CBC) to scale up green finance, supporting the country’s commitments towards a low-carbon economy. The partnership, which is under EU’s regional […]

May 6, 2024

Colombo, Sri Lanka, May 6, 2024—Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda, while emphasizing the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including […]

April 8, 2024

Colombo, Sri Lanka, April 8, 2024—To bolster growth and combat climate change, the International Finance Corporation (IFC) and Citizens Development Business Finance PLC (CDB)—a leading non-banking financial institution in Sri Lanka—are partnering to enhance CDB’s green portfolio, fostering sustainable and inclusive growth. IFC will support CDB to expand its climate finance product offerings […]

March 13, 2024

Colombo, Sri Lanka, March 13, 2024—For the ninth consecutive year, IFC partnered with the Colombo Stock Exchange (CSE) and global partners to ‘Ring the Bell for Gender Equality.’ Aligned with International Women’s Day, the annual global initiative promotes women’s participation in the economy for inclusive and sustainable growth. Increasing women’s economic participation and achieving gender […]

January 22, 2024

Colombo, Sri Lanka, January 22, 2024—IFC, a member of the World Bank Group, has appointed Imad N. Fakhoury as Regional Director for South Asia. Based in New Delhi, Fakhoury will spearhead IFC’s strategy and operations, while reinforcing relationships with the private sector, governments, and regional partners to boost impactful development outcomes in the region. […]

January 17, 2024

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Colombo, Sri Lanka, January 17, 2023—In an effort to better position and promote high quality exports of Ceylon Cinnamon, the International Finance Corporation (IFC) together with the Ministry of Plantation Industries and Sri Lanka Export Development Board (EDB) recognized the first batch of Geographical Indication (GI) certified Ceylon Cinnamon growers in the country. […]

October 4, 2023

October 04, 2023: Fortude, a global digital technology solutions company, recently completed a successful partnership with the International Finance Corporation (IFC). The company participated in the ‘Together We Can (TWC)’ and ‘Together We Can Plus (TWC+)’ initiatives, to drive workplace gender equality and foster an inclusive corporate culture Out of more than […]

August 31, 2023

Singapore, August 30, 2023—Climate projects, micro, small, and medium-sized enterprises (MSMEs), women and farmers in Asia and the Pacific have benefited from record amounts of funding from IFC. The funds will alleviate poverty and increase prosperity in the face of overlapping crises and challenges, including climate change, gender inequality, food and energy […]

Innovation and Inclusion Drive Impactful, Record Year for IFC in Asia Pacific

IFC Partners with Diversity Collective Lanka and Women in Management to Promote Respectful Workplaces in Sri Lanka

IFC and EU Partner with Commercial Bank of Ceylon to Scale Up Green Finance, Signaling the Need for Climate Resilient Investments in Sri Lanka

IFC Regional Vice President for Asia Pacific Signals Support for Sri Lanka’s Reforms and Growth Agenda During Official Visit

New Partnership to Foster Climate Resilience in Sri Lanka as IFC’s South Asia Regional Director Visits to Emphasize Support for the Nation’s Development Agenda

IFC, Colombo Stock Exchange and Global Partners Ring the Bell for Gender Equality, Signaling the Urgent Need to Increase Women’s Corporate Leadership in Sri Lanka

IFC Appoints Imad N. Fakhoury as Regional Director for South Asia

IFC Partnership Drives Ceylon Cinnamon Exports to Reach High-Value Markets, Recognizes Sri Lanka’s First-Ever GI Certified Ceylon Cinnamon Growers

Fortude Partners with IFC to Champion Workplace Diversity and Inclusion through ‘Together We Can’

Climate Projects, MSMEs, Women and Farmers Benefit from Record Year for IFC in Asia-Pacific Region