IFC's Asia-Pacific financing rose 15% to record in fiscal 2024

TOKYO -- The World Bank Group's private-sector arm, the International Finance Corp., committed record-high Asia-Pacific investments and loans in fiscal 2024, which ended in June, increasing by 10% to 15% from the previous year, its regional vice president for Asia and the Pacific told Nikkei Asia.

"Not only are we growing by giving our money, but we are growing by attracting private-sector money," Riccardo Puliti said in an interview in Tokyo. In the previous fiscal year, the IFC committed $11 billion to 108 projects in the region, including long-term financing from its own account and commitments to financial institutions.