Priming the pump
Targeted support from a multilateral institution can result in substantial commercial and developmental rewards, says Olivier Mussat of the World Bank Group’s IFC
The International Finance Corporation (IFC) makes private sector projects happen in the world’s most challenging countries. While its parent, the World Bank, provides funding to government ministries to build institutional capacity and infrastructure, the IFC supports the private sector by leveraging its capital to make projects commercially viable. The IFC manages $58bn, including $14.6bn dedicated to infrastructure. Energy is the most important component of infrastructure, with $1.2bn focused on upstream and midstream projects but the lion’s share of $6.9bn on the power sector, as it more effectively fulfils its development goals. While these figures are not huge in an oil and gas context,
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18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
