News
IFC loans $10 million to HKL for rural SMEs
The International Finance Corporation (IFC) has given Cambodian microfinance institute Hattha Kaksekar Ltd (HKL) a loan of up $10 million, aiming to boost access to finance to small- and medium-sized enterprises in Cambodia’s rural areas. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/ifc-loans-10-million-hkl-rural-smes
IFC gives Acleda a $110M loan boost
The International Finance Corporation, a member of the World Bank, and the Global Agriculture and Food Security Program (GAFSP) announced Thursday that they will provide Acleda Bank with a $110 million loan to finance rural and micro-businesses, especially agricultural enterprises. ...
Ananth Baliga
http://www.phnompenhpost.com/business/ifc-gives-acleda-110m-loan-boost
IFC criticised for abusive investments
Rights groups yesterday took aim at the private-sector arm of the World Bank for investing money into companies that are responsible for human rights abuses around the world, highlighting a Vietnamese rubber firm accused of illegal logging and land grabbing in Ratanakkiri province as a ...
Alice Cuddy
http://www.phnompenhpost.com/national/ifc-criticised-abusive-investments
World Bank may be blind to harm of financial investments: Oxfam
The World Bank’s private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. In one project indirectly sponsored by the bank’s International Finance Corporation ...
Anna Yukhananov
http://www.reuters.com/article/2015/04/01/us-worldbank-investments-idUSKBN0MS5IJ20150401
Plantations and families set rules for IFC-mediated talks
A year after some 2,000 families filed a complaint with the International Finance Corporation (IFC) for financing rubber plantations they accuse of grabbing their farms and logging their sacred forests, all sides have finally agreed to a set of ground rules for negotiations and hope ...
Zsombor Peter
https://www.cambodiadaily.com/news/plantations-and-families-set-rules-for-ifc-mediated-talks-80222/
Report urges overhaul of Cambodia factory safety
Safety in Cambodian garment factories needs to be improved through a complete overhaul of building regulations and the inspection regime, says a new report. The Cambodia Garment and Footwear Industry Fire and Life Safety Risk report, funded by the International Finance Corporation (IFC) and the International ...
Richard Woodard
http://www.just-style.com/news/report-urges-overhaul-of-cambodia-factory-safety_id123870.aspx
