24.04.2013 - IFC chief intensifies infrastructure drive, courts SWFs
The new head of the International Finance Corporation, the World Bank’s private sector arm, has pledged to redouble the institution’s focus on infrastructure financing – including by bringing sovereign wealth funds directly into transactions – to help combat what he sees as an acute shortage of bankable deals in Latin America and other emerging markets. Jin-Yong Cai, who took over as CEO in October, said that the multilateral was in advanced talks with sovereign wealth funds (SWFs) to co-invest in infrastructure and other projects – a development that would advance existing cooperation between the IFC and the state investors...............................................Full Article: Source
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