The International Finance Corp., a member of the World Bank, agrees to invest $250 million in a green bond to be issued by Bank of the Philippine Islands, the second largest private bank in the country. Signing the agreement are (from left) BPI treasurer and head of global markets Dino Gasmen, BPI president and chief executive TG Limcaoco, IFC country manager for the Philippines Jean-Marc Arbogast and IFC senior investment officer Aileen Theresa Ruiz. This is the biggest deal IFC has done with a financial institution in the Philippines. Proceeds will be used to finance eligible green assets in the Philippines, including renewable energy, energy efficiency, green buildings, electric vehicles, and climate-smart agriculture projects, among others.