[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-112417-en":3,"doc-seo-112417-105":28,"detail-sidebar-cat-0-en-105":88},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":20,"language":21,"language_code":22,"site_id":23,"html_lang":22,"table_of_contents":24,"faqs":25,"seo_title":13,"seo_description":14,"update_tm":26,"read_time":27},112417,4398048950312,"Violet","https://ap-avatar.wpscdn.com/avatar/400002538284de19e3c?_k=1778320343897328908",8,"Research & Report","West Africa Region - IFC Investment in CardinalStone Capital Growth Fund II L.P. - Approved on Absence-of-Objection Basis - June 24, 2026","Board-level approval on an absence-of-objection basis dated June 24, 2026 authorizes IFC’s investment in West Africa Region through CardinalStone Capital Growth Fund II L.P. for the SMEV Cardinal II Project (IFC/R2026-0215, dated June 11, 2026). The approval covers an equity commitment of up to US$10 million from IFC’s own account and a pari passu tranche of US$5 million funded under IFC’s Blended Finance, Concessional Capital Window (IDA21/CCW-IDA21).","Public Disclosure Authorized Public Disclosure Authorized  \nThe following item has been approved on an Absence-of-Objection Basis  \non Wednesday, June 24, 2026  \nWest Africa Region  \nIFC Investment in  \nCardinalStone Capital Growth Fund II L.P.  \nfor the SMEV Cardinal II Project  \nThe Board of Directors approved on June 24, 2026 an investment in West Africa RegionCardinalStone Capital Growth Fund II L.P. for the SMEV Cardinal II Project (IFC/R2026-0215, dated June 11, 2026) consisting of an equity investment of up to US$10 million from own account and a pari passu tranche of US$5 million from IFC’s Blended Finance, Concessional Capital Window under IDA21 (CCW-IDA21) .","cbCaidc0VVSwKSk9","https://ap.wps.com/l/cbCaidc0VVSwKSk9","pdf",105083,1,"English","en",105,"# Approval Summary\n## Approval Date and Scope\n## Investment Structure and Funding Windows","[{\"question\":\"What was approved on an absence-of-objection basis, and when?\",\"answer\":\"IFC’s investment for the SMEV Cardinal II Project was approved on an absence-of-objection basis on Wednesday, June 24, 2026.\"},{\"question\":\"What entities and region are included in the approval?\",\"answer\":\"The approval concerns IFC investment in the West Africa Region via CardinalStone Capital Growth Fund II L.P. for the SMEV Cardinal II Project.\"},{\"question\":\"How is the approved investment funded?\",\"answer\":\"It includes an equity investment of up to US$10 million from IFC’s own account and a pari passu tranche of US$5 million from IFC’s Blended Finance, Concessional Capital Window under IDA21 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was approved on an absence-of-objection basis, and when?","Question",{"text":72,"@type":73},"IFC’s investment for the SMEV Cardinal II Project was approved on an absence-of-objection basis on Wednesday, June 24, 2026.","Answer",{"name":75,"@type":70,"acceptedAnswer":76},"What entities and region are included in the approval?",{"text":77,"@type":73},"The approval concerns IFC investment in the West Africa Region via CardinalStone Capital Growth Fund II L.P. for the SMEV Cardinal II Project.",{"name":79,"@type":70,"acceptedAnswer":80},"How is the approved investment funded?",{"text":81,"@type":73},"It includes an equity investment of up to US$10 million from IFC’s own account and a pari passu tranche of US$5 million from IFC’s Blended Finance, Concessional Capital Window under IDA21 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