IFC targets $1b fundraising within a year as part of $5b vehicle

A man takes pictures of a flower display set up ahead of the Belt and Road Forum in central Beijing, China, May 10, 2017. Photo: Reuters

The World Bank’s International Finance Corporation (IFC) aims to raise an extra $1 billion within a year as part of a planned $5 billion infrastructure investment fund, an official said, with China’s Belt and Road programme offering more opportunities.

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