Mar 13 2010 |
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IFC to offer training to Lebanese banks in sustainable energy bid
13 March 2010
BEIRUT:
International Finance Corporation (IFC)
, a member of the World Bank Group, is providing training and expertise to help the Lebanese banking sector increase its capacity to finance sustainable energy and clean technology projects.
IFC
, in cooperation with
Banque du Liban
, hosted a day workshop on March 12 in Beirut for bankers, project developers and members of Lebanon’s government.
The workshop covered topics including how to structure sustainable energy finance loans, how to develop such loan products, what sort of risks to look out for, and opportunities for green investments.
Saad Andary, vice governor of
Banque du Liban
, said: “We hope to enhance the role of the banking sector in promoting the adoption of energy efficiency and environment friendly technology making the Lebanese businesses more sustainable.”
Climate change and sustainability are key areas of strategic focus for
IFC
. In fiscal year 2009, more than $1 billion of IFC’s global direct investments went to finance renewable energy and energy efficiency opportunities. In total,
IFC
has leveraged more than $6 billion in energy-related investments.
IFC is the only international financial institution focused exclusively on the private sector, the engine of sustainable development in emerging markets. Along with IBRD, it is seeking a capital increase to strengthen its ability to create opportunity for developing countries – including by increasing sustainable finance opportunities in the Middle East and North Africa. – The Daily Star
© Copyright The Daily Star 2010.
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