IFC plans $20-million backing for Philippine data center expansion

IFC plans $20-million backing for Philippine data center expansion

International Finance Corp. (IFC) is preparing a fresh investment in the Philippines’ growing digital infrastructure sector, backing a local company planning to expand data center capacity outside Metro Manila.The World Bank Group’s (WBG) private-sector lending arm disclosed last May 8 that it is considering a $20-million loan investment in YCO Global Cloud Centers Holdings Inc. to support the construction and operation of three data centers in …