IFC Treasury & Mobilization

🎓 Hats off to 14 new graduates of the IFC - International Finance Corporation-Milken Institute Capital Markets Program! Last week, World Bank Group President David Malpass, IFC Managing Director Makhtar Diop, Milken Institute Chairman Michael Milken, IFC Treasurer John Gandolfo, The George Washington University School of Business Dean Anuj Mehrotra and others celebrated their graduation at the Milken Institute Global Conference in Los Angeles, recognizing their critical role developing capital markets in their home countries. WATCH the ceremony here and listen to an informative conversation between Mr. Diop and Mr. Milken: https://lnkd.in/ea98FWZV READ our article about the graduation here: ⬇

We just issued a Benchmark Five-Year #socialbond, raising 500 million Canadian Dollars for sustainable investments supporting women entrepreneurs and low-income households in need of essential services. The transaction, which generated diverse investor interest, is IFC - International Finance Corporation's second in the Canadian Dollar market under its Social Bond Framework, following a 500 million Canadian Dollar transaction in January 2022. Read more: https://lnkd.in/gz5-ZGP5 Zauresh Kezheneva Ayelet Perlstein Flora Chao Tom Ceusters #sustainablefinance

Congratulations, Meaghan McGrath, for being selected as one of the Top 50 Women Leaders of DC by Women We Admire! As Global head of Syndications at IFC - International Finance Corporation, Meaghan has successfully structured, negotiated, and documented debt and equity investments in over 40 countries.   Previously serving as the chief counsel for debt mobilization in IFC's legal department, Meaghan led the establishment of the Managed Co-Lending Portfolio Program (MCPP) with the People's Bank of China in 2013 and supported the creation of the MCPP Infrastructure initiative.   As the Global Head of Syndications, Meaghan now oversees a global staff of 25 and an average mobilization of $7 billion a year.

Congratulations Sicredi for winning the Environmental Finance Award - Social Loan of the Year.   The award-winning project structured by IFC - International Finance Corporation involved securing a $100 million credit line for women-led small and medium-sized enterprises in Brazil, with the support of BNP Paribas and Sumitomo Mitsui Banking Corporation.   The loan is unique in its approach to targeting female-led Brazilian companies and will help create business opportunities for 10,000 to 15,000 women entrepreneurs.   This is the second specialized loan Sicredi and IFC have partnered on, with the first being a $120 million loan for solar energy projects in Brazil.   ℹ️ Learn more: https://lnkd.in/gqEmZtSM 

Global Trade Review (GTR) reports: "IFC - International Finance Corporation and Standard Chartered sign deal to boost global trade finance....The investment is part of IFC’s global trade liquidity program (GTLP), which provides liquidity or guarantees for trade in emerging markets, bringing together governments, banks and development institutions." IFC Vice President Mohamed Gouled says: “The joint work of Standard Chartered and the IFC trade and supply chain department over the years has helped support trade in emerging markets, a key component of growth and job creation." Read the article here: https://lnkd.in/etCUVTMS

This week, we’re celebrating Earth Day by issuing a $150 million green bond arranged by BMO and fully subscribed by the California State Treasurer's Office. The bond matures in 2.5 years, and is issued under IFC - International Finance Corporation’s updated green bond framework, which underscores our commitment to align all our direct new investments with the Paris Agreement by 2025. Proceeds of our green bonds are used for climate-smart projects, including clean energy, energy-efficient buildings, transport, green banking, agriculture, climate adaptation, biodiversity protection, and ocean and water protection in developing countries. Our green bonds align with the Green Bond Principles administered by the International Capital Markets Association. The trade is part of BMO’s “Trees from Trades” program where the bank donates a portion of global markets revenue from trades to fund the planting of trees. The US continues to be an important market for IFC and we are committed to expanding our outreach as well as responding to investor demands.  Flora Chao Tom Ceusters John Gandolfo Yuri Kuroki Ayelet Perlstein Marsha Monteiro Obert Limbani #earthday #greenbonds

Kevin Njiraini is joining IFC - International Finance Corporation’s Treasury & Mobilization team as the new Director of Syndicated Loans & Mobilization. A Kenyan national, Kevin has spent two decades at IFC in various roles, most recently as the Regional Director for Southern Africa based in Johannesburg. In that role, he was responsible for creating, expanding, and deepening markets in Africa and managing key clients, partners, governments, and World Bank Group relationships. Prior to becoming Director, Njiraini led IFC’s private equity activities in Africa and the Middle East, based in Nairobi. Kevin takes over from Sabrina Borlini, who assumes a new position as Senior Advisor to IFC’s VP of Treasury and Mobilization, John Gandolfo. Under the nearly five years of Borlini’s leadership, IFC’s Syndication’s team raised more than $30 billion in financing for IFC’s clients, expanded and launched new products to syndicate debt securities, and grew IFC’s network with commercial banks, impact investors, insurance companies, and pension funds. As Director, Syndicated Loans and Mobilization, Kevin’s top priorities will be to: (i) continue IFC’s history of innovating and growing its third-party debt mobilization platforms; (ii) play a leadership role in private capital mobilization, (iii) expand IFC’s outreach with institutional investors. Welcome Kevin! 

We’re hiring a Senior Syndications Officer in Singapore! The senior officer will take primary responsibility for the syndications process on numerous projects in the region and will lead the syndication portfolio work on projects including complex restructurings. Deadline for applications is May 5. https://lnkd.in/gYdjt42F #hiring

During the World Bank Group-International Monetary Fund Springs Meetings, IFC - International Finance Corporation leaders are connecting with their global counterparts #ReshapingDevelopment.