Private sector engagement is key when it comes to tackling poverty and promoting sustainable development. By joining forces with the public sector, private investments can create jobs, build infrastructure and support environmental initiatives. Keep reading to discover how sustainable finance can help build more resilient economies.
The International Finance Corporation (IFC) is a global leader in this mission, working in emerging markets to mobilize capital and open new economic pathways. In 2024 alone, the IFC committed a record $56 billion to private sector projects, fueling sustainable growth and economic opportunity worldwide.
A first immersion into sustainable finance
For Bachelor in Economics students looking to explore sustainable finance, our BIE-IFC Summer Program offers a look at how private sector solutions drive global progress. Here, one participant shares how this unique experience brought theory to life and reshaped their career ambitions.
What drew you to this program?
I was initially intrigued by the idea of purchasing power parity and the impact of finance on sustainable development. But the main reason is that I’d seen projects like these in my home country.
What projects did you work on?
I focused on sustainable energy projects and the financing structures behind them. Some highlights were the Jinan Solar Park by Kong Sun Holdings in China, and infrastructure projects like Thailand’s Bangkok Mass Transit System and the NPS Floating Power Plant. These case studies were inspiring and relevant to my career goals in sustainable finance, giving me a practical grasp of how such projects can come to life.
What did this experience teach you about sustainable finance?
This experience allowed me to see how sustainable finance plays out in real-world situations. I experienced first-hand how international finance organizations, like the IFC, work with governments to address development challenges. It was truly eye-opening. I focused on projects in green energy in China and Thailand, which gave me a deeper understanding of how countries adapt their financial strategies to local needs. The initiatives I mentioned earlier showed me just how varied and impactful these collaborations can be.
What was your favorite part of the program?
One of the best parts of the program was working alongside peers from different backgrounds. Collaborating with them brought fresh perspectives and created friendships I’d never have formed otherwise. The mentorship I received from IFC advisors was also invaluable—it boosted my confidence and prepared me for the international finance world.
Any advice for future applicants?
My advice is to go all in and make the most of it. Use all the resources available, ask for guidance from the advisors and don’t shy away from new challenges. This experience showed me how in-depth financial decisions can be, so fully engaging with every opportunity will help you get the most out of it.
The BIE-IFC Summer Program teaches students just how essential private sector engagement is in sustainable development. Participants walk away with hands-on experience and insights into what it takes to drive global progress through finance. For those ready to take on the world’s biggest challenges, this program is an invaluable start.