News stories by Philippe Le Houerou

  1. A New IFC Vision for Greening Banks in Emerging Markets

    - Inter Press Service

    A story from Inter Press Service, an international news agency

    WASHINGTON DC, Oct 15 (IPS) - Philippe Le Houérou is President, International Finance Corporation (IFC), a World Bank affiliateThe International Finance Corporation is rapidly greening its portfolio.

    This past fiscal year, 36 percent of our own accounts and mobilization supported climate-smart projects — up from 12 percent a decade ago. Since May, we have been applying a carbon price to all project finance investments in the cement, chemicals, and thermal power sectors, at $40-80 per metric ton.

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