International Finance Corporation
International Finance Corporation is a international organization that is part of the pulse of the water sector. Here we bring together everything it publishes on Smart Water Magazine: its news, its blogs and the events it takes part in.
IFC provides $108 million loan for water pipeline expansion in Morocco
To increase the supply of sustainable water for fertilizer production, farmers, and households in Morocco, IFC announced a €100 million loan (about US$108 million) to OCP Group, the world leader in plant nutrition solutions and phosphate-based fertilizers. The loan will support the construction of a 219-kilometer water pipeline and pumping station to transport desalinated water from […]
Cape Town obtains $150 million loan for energy and water infrastructure development
IFC announced an investment in the City of Cape Town Metropolitan Municipality's infrastructure investment program to improve access to quality basic services for its population, especially low-income households, and to scale up infrastructure to foster inclusive economic growth. IFC's ZAR 2.8 billion local currency senior loan (equivalent to about US$150 million) to the City of […]
IFC’s US$52M loan to Sanasa will help improve access to water and sanitation in Brazil
To improve water quality and increase access to sanitation services in Brazil, IFC is signing a strategic partnership with the Brazilian sanitation company Sociedade de Abastecimento de Água e Saneamento S.A. (Sanasa). The partnership includes a BRL 260 million (approximately $52 million) blue loan and strategic advisory services to support the company's 2023-2025 investment plan. Sanasa […]
IFC: “The concept of a circular economy has come into mainstream thinking in the water sector”
As a member of the World Bank Group, the International Finance Corporation (IFC) encourages private-sector development across less developed countries. Since 1956, IFC has leveraged $2.6 billion in capital to deliver more than $285 billion in financing for businesses in developing nations.
IFC, SECO partner to address water scarcity in South Africa
IFC, a member of the World Bank Group and Switzerland’s State Secretariat for Economic Affairs (SECO), has launched a program aimed at addressing water scarcity in South Africa’s agribusiness sector. The four-year program called Agri-processing Resource Efficiency, will offer advisory services to selected companies in the agri-processing sector to improve energy and water use. In addition, […]