Sustainable Construction in Emerging MarketsOCTOBER 2023Building GreenReportAbout IFCIFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.Building GreenSustainable Construction in Emerging MarketsPage 2BUILDING GREENACKNOWLEDGEMENTS This report was prepared under the guidance of Susan Lund, Vice President of Economics at IFC. Denis Medvedev (Director, CERDR, IFC), Roumeen Islam (Senior Economic Advisor to the CEO, IFCMD, IFC), Vivek Pathak (Director, CBDDR, IFC), and Jamie Fergusson (Director, CBDDR, IFC) provided research leadership. Lucio Castro (Senior Economist, CERER, IFC) was the lead author managing the team. Working team members include Imtiaz Ul Haq (Economist, CERER, IFC), Juliana Somerville (Consultant, CERER, IFC), Gabriel Michelena (Consultant, CERER, IFC), Samuel Asuquo Edet (Economist, CERER, IFC), Edgar Salgado (Economist, CERER, IFC), Maty Konte (Senior Economist, CERER, IFC), and Ariana Tamara Volk (Associate Economist, CERER, IFC). Li Tu (Senior Investment Officer, CMGMF, IFC), John Anagnostou (Senior Industry Specialist, CMGMF, IFC) and Marek Stec (Senior Industry Specialist, CMGMF, IFC) co-authored Chapter 3, while Imtiaz Ul Haq and Juliana Somerville co-authore...
