Development banks supplement roads and bridges with digital finance

• Building roads and bridges is still important for World Bank’s IFC, but digitally linking people is rising in significance. • IFC has disbursed $205 million to date into 29 financial technology investments; creating over 4,800 jobs in three years. • Digitally connecting people through new services has created new economic and employment opportunities. Multilateral […]

IFC Myanmar investment to rise to $1 bln in three years

Dec 12 (Reuters) – Investment by the International Finance Corporation (IFC) in Myanmar is expected to rise to $1 billion over the next three years as it supports the development of the private sector, the backbone of growth and job creation, it said on Friday. “Building business-enabling infrastructure and expanding access to finance are critical […]