IFC is facilitating a $176 million financing package to Recaudo Bogota to develop and operate the fare collection, fleet management, and real-time information technology system for Bogota’s bus transportation system.
More than 200 regulators, commercial bankers, and representatives of non-governmental organizations will gather next month in Beijing to discuss ways of enabling and scaling up lending to environmentally friendly projects.
The need for infrastructure improvements in the developing world is critical. Untold numbers of businesses suffer from lack of reliable power for industrial processes or because they cannot get their goods to the market. At the most basic level, millions of lives are threatened every day for lack of clean water or safe sanitation. Investment in infrastructure projects forms a key part of IFC's institutional strategy. We deliver landmark projects with high direct and indirect impact on the poor. In recent years, our focus has shifted to frontier countries and regions, where our services are most needed.