World Bank and Japan advance first DRIVE energy-resilience project
IFC will invest up to US$50 million in a privately managed fund targeting US$750 million for cleaner energy and efficiency investments across Asia.
Event / data period: 2026-10-15
Published: · Updated:
The World Bank Group announced the first project under its DRIVE framework with Japan on 15 October. The investment is in the Emerging Asia Infrastructure Credit Fund, a privately managed vehicle established under a Singapore government initiative and managed by Global Infrastructure Partners, part of BlackRock.
The fund is targeting US$750 million; this is a fundraising target, not a reported amount already raised. IFC is investing up to US$50 million alongside JICA. The project aims to finance private companies working on cleaner technologies and industrial transformation in Southeast and South Asia.
Data
DRIVE project financing figures
Investment cap
| Investment cap | 50 |
Methodology
The fund target and IFC investment cap are separate figures; the target is not money already raised.
Updated:
DRIVE project financing figures
Fund target
| Fundraising target | 750 |
Methodology
The fund target and IFC investment cap are separate figures; the target is not money already raised.
Updated:
Subjects and places
Subject proposals
- Energy and resourceSuggested
- Preserved editorial category/topic; broad candidate onlywww.worldbank.org ↗
Geographic references
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- Japan · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.worldbank.org ↗