Touching upon the State Oil Fund of the Republic of Azerbaijan (SOFAZ), Azerbaijan's sovereign wealth fund, Bilsen emphasized that it has committed $350 million to three funds managed by the IFC
Asset Management Company: the IFC
Global Infrastructure Fund, which invests alongside IFC
in equity and equity-related investments in the infrastructure sector in emerging markets the IFC
Catalyst Fund, which invests alongside IFC
in funds that provide growth capital to companies developing innovative ways to address climate change in emerging markets and the IFC
African, Latin American, and Caribbean Fund, which invests alongside IFC
in equity and equity-related investments across a range of sectors in Sub-Saharan Africa, Latin America and the Caribbean.
He said the government of Pakistan and IFC
have agreed, in principle, to set up the proposed Pakistan Infrastructure Bank (PIB), with 20% equity stake each.
Dar on the occasion invited EVP IFC
to assist the government of Pakistan in privatization of some of the state owned enterprises.
The assignment will exclusively target IFC
projects in FCS countries.
Also, the IFC
will provide training to SEC officials to help them enhance the country's corporate governance legal framework and advise them on draft laws and regulations as well as organize corporate governance seminars and workshops designed for local companies.
It is expected that upon completion of the subscriptions of IFC
and the other investors (assuming all shares offered under the offering are subscribed for) there will be 149,807,322 Tinka common shares outstanding of which IFC
will acquire and directly hold approximately 14.
, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector.
has $38 billion in debt and equity exposures globally.
The investment fits with IFC
s strategy to expand access to credit and help boost intraregional investment.
launched the GTFP in 2005 it has issued more than 15,000 guarantees, totaling more than $25 billion, for banks to support the trade-related payment obligations of their corporate and SME customers in emerging markets.
It made such a positive difference in my life to just be a part of a `normal' family," said Jason, an IFC
child, who is now a junior in college.
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