| Headline: Private-lending arm looks set for a tune-up Source: Euromoney Date: November 2001 Author: James Smalhout INTERNATIONAL FINANCE CORPORATION
Peter Woicke, the IFC’s executive vice-president, has a few tricks up his sleeve to deal with the problem. Woicke thinks ethical funds could find investing in the IFC quite appealing if the agency were to raise its sights and aim for returns of 10%. “I could well imagine,” says Woicke, “that some of the ethical funds would say ‘that’s a good return.’” The IFC currently tries to earn 8% on equity, but rarely succeeds. Woicke says the ethical funds would appreciate the social and environmental standards the IFC insists on before investing in specific projects. “And we run less of a risk than private-sector investment banks as a result of our relationships with local governments,” he points out. | |||||||||||||||||||||||||||||||||||||||||