IFC spends bread on Filipino water

The IFC yesterday announced a $50 million equity and debt investment in Manila Water.

Water may not be a sexy investment in most parts of the world, but in Manila the IFC clearly begs to differ. The private sector investment arm of the World Bank, has just sunk $50 million of loans and equity into the Ayala-controlled Manila Water.

The water and sewage company has a 25 year concession that encompasses an area of Manila holding 5 million people, of which it serves around 85%. Adding to the mix it...

To continue reading, please login or register for free

Click for more on: ifc | spends | bread | filipino | water

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...