In a significant step toward advancing sustainable development and climate-smart investments in Malaysia, the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group, has signed a memorandum of understanding (MoU) with Cagamas Berhad (Cagamas), Malaysia’s National Mortgage Corporation. This strategic partnership aims to enhance green building finance, facilitate inclusive housing solutions, and support Malaysia’s long-term goal of achieving net-zero emissions by 2050.
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