Priming the pump
Targeted support from a multilateral institution can result in substantial commercial and developmental rewards, says Olivier Mussat of the World Bank Group’s IFC
The International Finance Corporation (IFC) makes private sector projects happen in the world’s most challenging countries. While its parent, the World Bank, provides funding to government ministries to build institutional capacity and infrastructure, the IFC supports the private sector by leveraging its capital to make projects commercially viable. The IFC manages $58bn, including $14.6bn dedicated to infrastructure. Energy is the most important component of infrastructure, with $1.2bn focused on upstream and midstream projects but the lion’s share of $6.9bn on the power sector, as it more effectively fulfils its development goals. While these figures are not huge in an oil and gas context,
Also in this section
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
11 July 2025
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
