MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $47m in Brookfield Incorporacoes to Increase Quality of Housing for Low-Income People in Brazil

The International Finance Corporation (IFC), a member of the World Bank Group, is planning to invest USD 47 million in Brookfield Incorporacoes, a Brazilian real estate development company, in order to “increase the availability of high-quality housing for low-income people in Brazil” [1]. The investment consists of USD 17 million in equity and USD 30 million for a long-term revolving line of credit.

In addition to providing this loan, IFC plans to “strengthen infrastructure and public services…increase private sector participation… improve the investment climate and help small businesses join the formal economy” in Brazil [1]. According to IFC, as of June 2009, its committed portfolio in Brazil was USD 2.2 billion [1]. There is no financial data available in English on Brookfield Incorporacoes.

By Julia Korn, Research Associate

About The International Finance Corporation (IFC):

A member of the World Bank Group, the International Finance Corporation (IFC) uses loan and debt securities, equity investments and guarantees with the intent of alleviating poverty. It invests in financial institutions and other companies in emerging markets as well as providing technical assistance. The IFC has 182 member countries that “collectively determine its policies, and approve investments.” In fiscal year 2009, its new investments totaled USD 14.5 billion.

About Brookfield Incorporacoes:

Brookfield Incorporacoes is a Brazilian real estate development company. Its operations include land acquisitions, planning, development, construction of its own and third-party projects and sales. It is a result of the merger of three real estate companies: Brascan Residential Properties S.A., Company S.A. and MB Engenharia S.A. There is no financial information available in English on Brookfield Incorporacoes.

Sources and Additional Resources:

[1] International Finance Corporation. “IFC Supports Brookfield in First-ever Brazilian Investment in Low-income Housing Development” on June 18, 2010. http://www.ifc.org/IFCExt/pressroom/IFCPressRoom.nsf/0/6DCFC9CE58291E568…

MicroCapital Universe. The International Finance Corporation. https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Int…

MicroCapital Universe. Brookfield Incorporacoes. https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Bro…

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