IFC Archives - Page 6 of 7 - Lanka Business News

January 29, 2021

Colombo, Sri Lanka, January 26th, 2021 – Neelika Malaviga, a university professor known for her work in researching COVID-19, is among the winners of this year’s ‘Top 50’ Professional and Career Women Awards 2020, by Women in Management (WIM), in collaboration with Women in Work, a partnership between IFC, a member of the World Bank […]

November 16, 2020

Colombo, Sri Lanka, November 16, 2020—A two-year partnership, known as SheWorks Sri Lanka, has led to a 12 percent increase in the number of women employed by 15 of the country’s leading companies, equating to over 12,000 more women in the workforce. Initiated by Women in Work, a partnership between IFC—a member of the World […]

November 9, 2020

Colombo, Sri Lanka, November 9, 2020—Sri Lankan women, including female entrepreneurs, are expected to have increased access to insurance and more of a chance of a job in the insurance industry, in the wake of an agreement between IFC, a member of the World Bank Group and AIA Sri Lanka —subsidiary of the life insurance […]

October 30, 2020

Washington, D.C., October 30, 2020—IFC’s pandemic response is focused on reaching the most vulnerable people in developing countries. Of the $8 billion in IFC COVID-19 fast-track financing approved by the IFC Board in March 2020, $4 billion has been committed to date, of which close to half is expected to benefit people […]

October 7, 2020

One of the largest foreign investments into Sri Lanka since the start of the COVID-19 pandemic First post-pandemic equity placement by the IFC First private placement by Commercial Bank The Commercial Bank of Ceylon has announced the completion of all formalities relating to the private placement of shares with the International Finance Corporation (IFC) and […]

September 1, 2020

Colombo, Sri Lanka, August 24, 2020—Thousands of micro, small, and medium enterprises, and millions of farmers across Asia and the Pacific stand to benefit from the first phase of COVID-19 crisis response funding from IFC, a member of the World Bank Group. As the pandemic continues to send shockwaves through the global economy, IFC supported 13 […]

July 14, 2020

Colombo, Sri Lanka, July 13, 2020—IFC, a member of the World Bank Group, will support Commercial Bank of Ceylon (ComBank), Sri Lanka’s largest commercial bank, to develop more specially-designed products and services for women, as part of a move to help boost access to finance for women, especially those who own small and medium sized […]

July 3, 2020

IFC, a member of the World Bank Group, and funds managed by IFC Asset Management Company (AMC) have signed an agreement to invest up to $50 million through a private placement of new equity shares in Commercial Bank of Ceylon (ComBank), Sri Lanka’s largest private bank. The investment will help the Bank continue to grow […]

June 24, 2020

John Keells Holdings PLC entered into a long-term financing agreement with the International Finance Corporation (IFC)for US Dollars 175 million to support funding of the Company’s investment pipeline. The agreement formalising the facility was signed between the IFC and JKH on 23 June 2020. This facility is IFC’s largest investment to-date in Sri Lanka. The […]

June 24, 2020

Colombo, Sri Lanka, June 23, 2020—IFC, a member of the World Bank Group, is making a $175 million investment in John Keells Holding (JKH) to expand its supermarket chain in Sri Lanka and help fund expansion or refurbishment of hotel properties in Sri Lanka and the Maldives. The $175 million long term investment is IFC’s […]

Women in Management, IFC and Government of Australia Honor Sri Lankan Women

IFC and Australian Government Help Create and Retain Jobs for 12,000 Women in Sri Lanka

IFC and AIA Sri Lanka Partner to Increase Sri Lankan Women’s Access to Insurance, Create More Jobs

IFC Helps Businesses In Poorest Countries Fight Pandemic With $4 Billion In COVID-19 Financing

ComBank receives USD 50 million Equity from IFC

Micro, Small, and Medium Businesses and Farmers Benefit from More Than Half a Billion Dollars in COVID-19 Support in Asia-Pacific Region

IFC Supports Commercial Bank of Ceylon to Expand Access to Finance for Women and Women-Owned Small Businesses in Sri Lanka

IFC and IFC Asset Management Company Managed Funds Agree to Invest up to $50 Million Equity in Commercial Bank of Ceylon Supporting Growth in Sri Lanka and Bangladesh amid COVID-19 Impacts

John Keells Holdings PLC entered into a long-term financing agreement with the (IFC) for US Dollars 175 million

IFC Invests $175 Million in John Keells Holding’s Businesses in Sri Lanka and the Maldives to Boost Retail and Tourism