MANILA, Philippines — Fresh from its anchor investment in Ayala-led AC Energy’s green bonds, the International Finance Corp. (IFC) said it plans to widen its exposure investments in the country for climate-smart infrastructure and affordable housing in the near term.
In an interview yesterday, Vivek Pathak, director of IFC’s East Asia and Pacific Department, said they plan to invest more in green infrastructure, particularly in logistics and power.
At the same time, IFC is also interested in investing in firms and financial institutions that can spur the building of more affordable housing that is climate-friendly.
Pathak was in the country to meet with several banks and firms for potential clients for green finance. He said these include other companies under the Ayala Group and “one major bank.”
“So we are looking at several areas, we are looking at infrastructure, so that’s a big component. We are also looking at affordable housing,” he said. “At the same time taking to more and more banks because we want to get them to be more interested,” he said. (www.philstar.com)
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