November 19, 2019

IFC invests $5 billion in fiscal year 2018 to spur development in Latin America and the Caribbean

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Washington DC, September 18, 2018—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 […]

Demand for World Bank Group financing rises to nearly $64 billion in Fiscal Year 2018

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Record increases in human development, climate finance, and IDA support WASHINGTON, July 19, 2018 – World Bank Group commitments to developing countries hit nearly $64 billion in fiscal year 2018, which ended June 30, with record increases in human development, climate finance, and IDA support. “Demand continues to rise for our finance, expertise, and innovation,” […]

IFC appoints Gabriel Goldschmidt as Director for Latin America and the Caribbean

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Washington, DC, May 2, 2018 — IFC, a member of the World Bank Group, today announced the appointment of Gabriel Goldschmidt as Director for Latin America and the Caribbean. Goldschmidt will oversee IFC’s operations in the region, with a focus on strategic priorities like promoting innovation through technology, tackling climate change, developing capital markets, and […]

IFC launches a DigiLab for Latin America to drive digital transformation for financial institutions

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Bogota, Colombia, March 21, 2018—IFC, a member of the World Bank Group, announced the launch of IFC DigiLab for Latin America and the Caribbean. The goal of the Lab is to help drive the digital transformation across the region by helping businesses respond to new digital trends in the market, while leveraging the latest technologies […]

Latin America is a leader in attracting investments to combat climate change, says report

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The region has become an attractive market for investment in infrastructure and sustainable urban transport, and is expected to reach more than $ 1 trillion in investments by 2030. The report identifies seven areas of enormous potential to attract private investment: renewable energy, energy storage and solar off-grid, agribusiness, green building, urban transport, water supply […]

Cayman Islands maintains #1 ranking in Banker survey for 9th year

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The Cayman Islands has been named the world’s number one specialised financial centre in The Banker magazine’s 2017 survey. This is the ninth consecutive year the Cayman Islands has maintained the top spot in the highly-regarded, global survey. Mr Jude Scott, CEO of Cayman Finance said the Cayman Islands had long been regarded as the […]

Jamaican national appointed to head World Bank Group operations in the Caribbean

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From Wired Ja Online News KINGSTON, Jamaica, Aug 31, CMC – The International Finance Corporation (IFC), a member of the World Bank Group, has appointed Jamaican Judith Green as the head of its operations in the English-speaking Caribbean. Her appointment makes her responsible for coordinating IFC’s programme of investments and advisory services in several countries including Belize, Grenada, […]

When a kleptocrat comes calling: Global money laundering and the ABA

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By Michael D. Goldhaber, From The American Lawyer A prospective client walks into your office and tells you the following story in a bad German accent. He works for a West African mining minister who makes the salary of a teacher, but has amassed a fortune by collecting “facilitation payments” from mostly Canadian multinationals in […]

Cayman Islands maintains number 1 spot in Banker survey for 7th year

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The Banker magazine’s recent survey has confirmed the Cayman Islands position as the world’s number 1 specialised financial centre. The jurisdiction’s dominance as a leading banking centre remains firm as this is the seventh consecutive year that the Cayman Islands has maintained the top spot in this highly-regarded, global survey. “This unprecedented dominance in banking […]

World Bank Group backs Latin America and the Caribbean’s efforts to boost growth and preserve social gains

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Infrastructure, transportation, education and fiscal management were among top priorities supported by more than $10 billion last fiscal year WASHINGTON, July 2, 2014 – The World Bank Group (WBG) committed $10.2 billion in fiscal year 2014 (July 2013 to June 2014) to support Latin America and the Caribbean efforts to boost economic growth and maintain […]