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IFC will no longer allow financial intermediary clients to support new coal projects

An extension of the coal reduction policy to all lending will act as a strong impetus for Indian financial institutions ...

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IFC announces it will stop clients funding new coal projects

▪︎ Previous policy allowed the IFC’s financial clients to support new coal projects as long as they exited coal by 2030,...

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IFC stake in Federal Bank Ltd results in no new coal commitment

A new report released today by Centre for Financial Accountability India and Recourse reveals how India’s 7th...

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IFC stake in Federal Bank Ltd results in no new coal commitment

India’s 7th-largest commercial bank, Federal Bank Limited, has turned its back on new coal, according to a new repo...

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Federal Bank to Discontinue Financing New Coal Projects

Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projec...

Coverage International Finance

April 6, 2023

Esha Roy

IFC will no longer allow financial intermediary clients to support new coal projects

An extension of the coal reduction policy to all lending will act as a strong impetus for Indian financial institutions to strengthen their own policies on coal reduction. The International Finance Corporation (IFC) – the World Bank’s private sector arm – has issued an update to its Green Equity App...

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April 5, 2023

CFA Admin

IFC announces it will stop clients funding new coal projects

▪︎ Previous policy allowed the IFC’s financial clients to support new coal projects as long as they exited coal by 2030, but the new update explicitly rules out new coal. ▪︎This loophole previously meant that IFC clients have supported new coal developments, including the huge Java 9 & 10 coal ...

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October 12, 2021

CFA Admin

IFC stake in Federal Bank Ltd results in no new coal commitment

A new report released today by Centre for Financial Accountability India and Recourse reveals how India’s 7th largest commercial bank – Federal Bank Limited – has turned its back on new coal. The bank received a $126 million equity investment from the International Finance Corporatio...

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October 12, 2021

CFA Admin

IFC stake in Federal Bank Ltd results in no new coal commitment

India’s 7th-largest commercial bank, Federal Bank Limited, has turned its back on new coal, according to a new report released October 7, 2021. The bank is a key lender to firms such as Jindal Steel Works (JSW) Energy Ltd and Adani Power Rajasthan Ltd. The report was released by Centr...

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October 12, 2021

CFA Admin

Federal Bank to Discontinue Financing New Coal Projects

Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) in July 2021. In July 2021, IFC, the financial arm of the World Bank...

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IFC will no longer allow financial intermediary clients to support new coal projects

IFC announces it will stop clients funding new coal projects

IFC stake in Federal Bank Ltd results in no new coal commitment

IFC stake in Federal Bank Ltd results in no new coal commitment

Federal Bank to Discontinue Financing New Coal Projects

IFC will no longer allow financial intermediary clients to support new coal projects

IFC announces it will stop clients funding new coal projects

IFC stake in Federal Bank Ltd results in no new coal commitment

IFC stake in Federal Bank Ltd results in no new coal commitment

Federal Bank to Discontinue Financing New Coal Projects