The International Finance Corporation (IFC, for its acronym in English), attached to the World Bank, on Monday urged private banks in Latin America to assume with “courage” a “leading role” in the “sustainable and green reconstruction” of the region, and thus fill the “huge gap” in financing that it suffers.
To this end, the IFC, the World Bank body in charge of lending to the private sector, allocates an average 35% of its global investment operations (about 25,000 million dollars annually) to support measures of the banking sector “aligned” with strategies and sustainable climate finance.
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