International Finance Corporation (IFC)

DBS Bank wins Global, Asia 'Bank of the Year' titles at Global SME Finance Awards

SINGAPORE (Nov 7): DBS Bank has emerged from over 100 international competitors to win ‘Bank of the Year’ titles for both Global and Asia categories at the inaugural Global SME Finance Awards, where the bank was commended for the robust regional growth of its small-medium enterprise (SME) franchise.

The Global SME Finance Awards was held in conjunction with the Global SME Finance Forum and managed by the International Finance Corporation (IFC), which is part of World Bank Group.

IFC invests $55 mil in Fullerton Healthcare in the Philippines

SINGAPORE (Sept 12): International Finance Corporation (IFC), a member of the World Bank Group, is investing in Fullerton Healthcare Corporation to improve the provision of affordable healthcare in the Philippines and enhance efficiencies in the health maintenance organisation (HMO) market.

Wholly owned subsidiaries Fullerton Health Philippines Holdings Corporation and Fullerton Health Philippines on Wednesday secured a US$40 million ($55 million) long-term loan facility with IFC.

IFC joins Norfund, Yoma Strategic to raise US$28 mil to bring power to rural Myanmar

SINGAPORE (Apr 3): International Finance Corporation (IFC) is joining as a new investment partner in Yoma Micro Power, a joint venture between Yoma Strategic Holdings and Norwegian state-owned fund Norfund.

Together, the partners intend to raise up to US$28 million ($36.7 million) by way of equity and debt financing for its project to power off-grid Myanmar.

The investment will enable Yoma Micro Power to generate and distribute electricity using solar-based micro power plants and mini-grids to power telecom towers in rural Myanmar as well as off-grid communities.

IE Singapore signs MOU with IFC to help companies venture into Asia and Africa

SINGAPORE (Oct 24): IE Singapore has signed an MoU with the International Finance Corporation, a member of the World Bank Group, to help more Singapore companies access access in-depth market insights and financing opportunities in emerging markets of Africa, Southeast Asia and South Asia.

Yoma Strategic enters into shareholders’ agreement for Yangon landmark development

SINGAPORE (July 12): Yoma Strategic Holdings, together with its wholly-owned subsidiary Yoma Strategic Investments (YSIL), has entered into an agreement with Mitsubishi Corporation and Mitsubishi Estate; First Myanmar Investment (FMI); and the International Finance Corporation (IFC), to redevelop a mixed-used development in Yangon, Myanmar.

The Asian Development Bank (ADB) is also to become a party of the deal as one of the conditions of the agreement.

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