Finance | 4 April, 2025 at 7:07 PM
Agricover Credit secures $42 million funding from the IFC
The IFC, part of the World Bank, is facilitating a financing package worth the equivalent of $42 million for Agricover Credit IFN.
The IFC, part of the World Bank, is facilitating a financing package worth the equivalent of $42 million for Agricover Credit IFN.
In addition to the IFC's contribution, the AIIB (Asian Infrastructure Investment Bank) will invest an equivalent amount, bringing the total value of the bond issue to €200 million.
Half of proceeds allocated to green loans for smaller businesses and half for green housing loans.
The collaboration with IFC supports Norofert in conducting comparative research to evaluate the impact of microbial inputs in soil on carbon emissions and CO2 sequestration.
It will help reduce Romania energy sector's carbon footprint by an estimated 500,000 tons of carbon dioxide equivalent emissions per year.
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SAI Globinvest, a Romanian investment management company, has launched the Globinvest Energy & Financials ETF,