Emerging market banks favour new loan rules, says IFC

WASHINGTON (Reuters) - Banks in developing countries are eager to sign on to new environmental and social standards governing private-sector projects funded by the World Bank, an International Finance Corp official said on Friday.

Three years after the original standards were adopted, the IFC the World Bank's private-sector lending arm on Sunday will add a broader range of principles from labor rules to biodiversity in its project approval screening process.

The so-called Equator Principles II also covers project funding starting at $10 million compared with the original $50 million threshold...

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Posted by rjorr at April 30, 2006 8:19 PM