IFC to Invest USD16B in Emerging Countries in 2010

The International Finance Corp. expects to spend USD16 billion this year on investments to promote economic growth in emerging countries, Reuters reports. The expected investment is USD1.5 billion more than IFC’s lending in 2009.

The bulk of the USD16 billion will be invested in the consumer goods sectors of densely-populated emerging countries with a large number of young people, IFC Chief Executive Lars Thunell said, according to Reuters.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.