The International Finance Corporation (IFC), the private sector arm of the World Bank, signed an agreement with the government of Switzerland to begin the second phase of the Sustainable Cities programme, which supports green urban infrastructure development in emerging markets. IFC’s Sustainable Cities programme provides assistance to subnational governments and private sector partners, helping them attract investments and financing for urban infrastructure projects in a range of sectors. These tools have expanded IFC’s product offering to address pressing needs in the area of climate-resilient urban infrastructure. The new phase of the programme contributes to the IFC’s strategy to unlock new markets, develop bankable projects, and mobilise private sector solutions and investment in emerging markets. This effort supports the delivery of the IFC’s other flagship initiatives in urban infrastructure, including Utilities for Climate (U4C) and Circularity Plus.

Source: The North Africa Journal August 04, 2023 13:34 UTC