IFC preparing emerging-market public fund mandate

The International Finance Corporation (IFC), the private-sector arm of the World Bank, is preparing a $500 million fund to invest in the public equities and debt of up to 50 emerging markets, according to documents seen by AsianInvestor. The ‘N-50’ RFP indicates that this is the first time the IFC is establishing a fund to invest in public equity markets in over two decades. "The documents forwarded to you represent the very early stage of RFPs, and any decisions and investments…