APPROVAL DATE: Sep. 27, 2017 SECTOR: Multi Sector REGION: Asia
Asia: IFC Emerging Asia Fund
The IFC Emerging Asia Fund (the Fund) is being formed to provide investors with the opportunity to invest in IFC’s proprietary pipeline of investments in Emerging Asia. The Fund has a target size of US$1 billion and intends to select equity and quasi-equity investments in companies, entities or other arrangements to build a diversified portfolio of investments across Emerging Asia. The Bank seeks to commit US$150 million to the Fund.
The Project is well aligned with the Bank’s mandate to (i) foster sustainable economic development, create wealth and improve infrastructure connectivity in Asia by investing in infrastructure and other productive sectors, and (ii) promote regional cooperation and partnership in addressing development challenges by working in close collaboration with other multilateral development institutions such as the International Finance Corporation (IFC).