By Doris C. Dumlao
International Finance Corp., the private sector funding arm of the World Bank, raised its interest in Yuchengco-led Rizal Commercial Banking Corp. by infusing $100 million in fresh capital and separately buying P4.8 billion worth of the bank’s bad assets.
By Doris Dumlao
Yuchengco-led Rizal Commercial Banking Corp. is getting a fresh capital infusion of at least $100 million from the International Finance Corp., the private sector arm of the World Bank Group.
By Philippine Daily Inquirer
The International Finance Corp., the private sector arm of the World Bank, made $3.9 billion in new investment commitments in Asia-Pacific in its fiscal year that ended June 30, to bankroll 120 projects all over the region. In a statement issued Tuesday, the multilateral lender said investments in Asia rose 11 percent in fiscal year [...]
By Amy R. Remo
MANILA, Philippines—Geothermal leader Energy Development Corp. said it has signed a $75-million loan with International Finance Corp., the private-sector investment arm of the World Bank group, to help fund its planned power projects. In a disclosure to the Philippine Stock Exchange, EDC said the 15-year loan facility would help finance the company’s medium-term capital expenditure [...]