November 1, 2011
The World Banks International Finance Corporation (IFC) outshone other multilaterals this year after funneling some $5.3 billion in financing to banks and companies in LatAm and the Caribbean during fiscal year 2011.
Of that amount, about $3 billion came from the IFCs own account, with the rest being mobilized through investment partners. In total, this marked a 50% increase from the volumes generated in 2009, and for that period it was the largest amount of multilateral funding extended to the regions private sector.
More importantly, we have increased what we can mobilize, says Paolo Martelli, IFC director for Latin America and the Caribbean. If one
Multilateral - Best Bank – IFC