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International Finance Corporation's investments hit a record at $56 bn

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The International Finance Corporation (IFC), the World Bank's private investment arm, has reached a new record of $56 billion in investments for its financial year ending in June. This 28% increase is attributed to internal reforms and decentralised decision-making processes. The IFC aims to continue this growth and target $62 billion for the financial year ending in 2025. The focus will be on investing in infrastructure, particularly in roads and transportation, and collaborating with sub-sovereign entities like municipalities. The IFC also plans to increase equity investments and potentially take companies public on domestic stock markets.