February 13, 2023

World Bank and Abu Dhabi fund to invest $1.5 bln in emerging market energy transition

DUBAI, Feb 13 (Reuters) – The World Bank’s International Finance Corporation (IFC) investment arm will on Monday sign an agreement with the Abu Dhabi Fund for Development on a joint $1.5 billion investment in emerging markets energy transition, the IFC head said Monday.

“I’m signing today with the Abu Dhabi Development Fund a platform for $1.5 billion where we are co-investing with them in emerging countries around energy transition,” IFC Director General Makhtar Diop said at the World Government Summit without providing further detail.

Reporting by Ghaida Ghantous
Writing by Andrew Mills
Editing by David Goodman

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