July 27, 2022
The Internation Finance Corporation (IFC), the private sector division of the World Bank, said it has granted $50 million in financing for Banco BV to offer loans for electric, hybrid and multi-fuel vehicles in Brazil.
The financing is part of IFC's plans to increase financing for clean transportation "over the next few years," the US-based multilateral lender said in a press release. It also wants to "influence" Brazilian banks to offer more loans "in the climate-smart vehicle segment," it adde
World Bank's private sector division says it want to "influence" Brazilian banks to offer more financing for climate-smart vehicles