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Further cooperation partners of DEG are the International Finance Corporation (IFC), a member of the World Bank, the European Bank for Reconstruction and Development (EBRD), as well as numerous local and regional development companies. The pooling of financing capacities and in-house knowledge leads to broader developmental efficacy and greater ...
The IFC reported a partial offset from lower liquid asset trading income, higher administrative costs, and higher advisory service expenses. The IFC made $600 million in grants to IDA countries in fiscal 2011, up from $200 million in fiscal 2010 and $450 million in fiscal 2009. The IFC reported a net income of $1.58 billion in fiscal year 2011 ...
the DEG German Investment Corporation or Deutsche Investitions- und Entwicklungsgesellschaft, [4] headquartered in Cologne, Germany. the French Development Agency, [5] and Caisse des dépôts, founded 1816, both headquartered in Paris, France.
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In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
The banks and IFC said they were confident that the Equator Principles were followed, and said an independent consultant had confirmed this assessment. [4] [5] [6] Another criticism was that the banks might lobby the IFC to weaken its standards on which the Principles are based. The banks point out that IFC revised and strengthened its policies ...
The International Financial Congress (IFC) was an annual conference hosted in Saint Petersburg in Russia dedicated to the finance industry. The event brought together heads of central and commercial banks, financial institutions, international financial organizations and financial regulatory authorities, as well as renowned experts from around ...