Allianz, IFC and HKMA step forward in sustainable investment
The new sustainable investment vehicle is expected to target more renewable projects in Latin America, Africa and South Asia.
Under a new partnership called MCPP One Planet, Germany-based insurer Allianz Group and International Finance Corporation (IFC), a member of the World Bank Group, have joined up to create a new global platform for climate smart-investment that will provide up to $3 billion to private enterprises in developing economies.
The two organisations signed a partnership under the Managed Co-Lending Portfolio Program (MCPP) on November 3.
The Development Finance team of Allianz Global I…
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