IFC’s impact investing in emerging markets hit $57 billion – official

The World Bank’s International Finance Corporation (IFC) has made a combined $57 billion in so-called impact investments in the emerging markets, its corporate governance officer said on Wednesday.

Impact investing seeks to make a profit while also generating social and environmental benefits, Amira El Saeed Agag said at the 10th conference of the Arab Federation of Exchanges (AFE) which took place in Cairo.

Impact investing represents a significant opportunity for the emerging markets to mobilize both public and private capital into investments that target measurable positive social, economic or environmental impact alongside financial returns to eventually achieve sustainable development goals, Agag added.