IFC Partners with Standard Bank to Boost Green Building and Housing Sector in South Africa
South Africa, March 12 -- To support the construction and purchase of green buildings and homes in South Africa, including in the affordable housing sector and for women home-owners, IFC announced a loan to The Standard Bank of South Africa Limited (Standard Bank), the country's largest bank by asset value.IFC's $250 million unsecured senior loan will support Standard Bank to provide financing to real estate developers and homebuyers of properties that align with global best practices for green construction.The partnership will catalyze more sustainable construction in South Africa's residential, commercial, industrial and retail property sectors, with each building certified through IFC's EDGE (or equivalent standard) for energy and water ...
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