IFC - Waste Management Investments (Circular Economy)

Enriched UN / Multilateral · Found: 2026-03-11 10:50

Over $1.9 billion committed and nearly $500 million mobilized for circular economy projects in emerging markets. Example: $30 million loan to Averda for waste management in Middle East and Africa. Focus on enabling value creation from waste and promoting circularity.

Source: https://ifc.org/en/pressroom/2022/ifc-averda-ink-landmark-deal-to-support-waste-management-in-the-middle-east-and-africa

Funding Details

Contact

Sara Aggour (Cairo press contact): saggour@ifc.org, Phone: +201003351941. General inquiries: disclosures.ifc.org/inquiries

Last Checked

2026-04-20 10:26

Application Checklist

Eligibility

• Applicant must be a private sector company (not an NGO, government, or public body)
• Project must be located in or expanding to IFC-eligible developing/emerging market countries
• Project must demonstrate commercial viability and a credible business plan

Project Scope

• Project must generate measurable development impact (jobs, environmental benefits, etc.)

Required Documents

• Submit application through IFC's financing portal with financial statements and project documentation

Constraints

• Financing request must typically be at least several million USD (minimum deal sizes apply)
• Environmental and social due diligence compliance with IFC Performance Standards required
• IFC does not provide grants — financing is structured as loans, equity, or quasi-equity

Historical Context

This 2022 deal was IFC's first investment in the private waste management sector in Africa and the Middle East. IFC's cumulative cross-border investments with Gulf Cooperation Council-based companies total $5.1 billion (own account) and $3.4 billion mobilized, across 148 projects. IFC committed a record $31.5 billion to private companies in FY2021.

Why it was added

Africa waste/plastic development funding

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