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Latin America and the Caribbean: IFC Invests $5 Billion in Fiscal Year 2018 to Spur Development
IFC, a member of the World Bank Group, bolstered its operations in Latin America and the Caribbean with investment commitments that reached $5 billion to help drive the region’s sustainable economic growth, promote innovation and build new infrastructure.
IFC invested about $2.5 billion from its account and mobilized another $2.5 billion from other investors during its fiscal year 2018, which ended in June 30. The investments were geared at supporting the region’s private sector to create new jobs, tackle climate change and provide financing to small business owners.
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