Anglo American CEO Duncan Wanblad seeks $100m from IFC
The head of the mining giant is in discussions with the institution for a major loan to finance its social programmes. This is the first impact loan of this size in the sector in Africa.
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▪ Anglo American CEO Duncan Wanblad seeks $100m from IFC
▪ The head of the mining giant is in discussions with the institution for a major loan to finance its social programmes. This is the first impact loan of this size in the sector in Africa.
▪ https://www.africabusinessplus.com/en/811939/anglo-american-ceo-duncan-wanblad-seeks-100m-from-ifc-for-csr-activity/
This is a record amount on the continent for purposes solely focused on corporate social responsibility (CSR) activity. The International Finance Corporation (IFC), the World Bank‘s private sector arm, is considering an advance of $100 million to Anglo American. This sort of impact loan – sustainability linked loan (SLL) – is a vehicle that is still emerging but which many commercial and development banks are seeking to develop.
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