Philippe Le Houérou, who steps down as head of the International Finance Corporation on Oct. 1, calls for continued civil society engagement to ensure accountability and the best solutions for local communities.
The current unmet demand for credit among women-owned formal micro SMEs in developing markets is estimated at $1.7 trillion. Philippe Le Houérou, CEO of IFC, shares three steps to help mobilize private capital and partnerships that broaden the role of women as drivers of economic growth.
International Finance Corporation CEO Philippe Le Houérou ushers in a new era of accountability at IFC — one that "will require more dedicated IFC resources" and "a change in our behavior and culture."
IFC CEO Philippe Le Houérou lays out a bold new policy that changes the way the institution lends to banks associated with coal projects — under the condition that they agree to reduce those investments.