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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

IFC Board approves new programs to help firms weather crisis

Posted on 19 December 2008

From Easybourse.com: The board of the International Finance Corp (IFC) will double an existing trade-finance guarantee facility to $3 billion, while creating three new programs aimed at recapitalizing banks, supporting infrastructure financing and enabling sovereign wealth fund investments.

The four programs should deploy about $30 billion over the next three years, with the help of governments and international institutions, it said in a release….. Full Article: Source


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