IFC and DFC Invest in Pomona Impact Fund II to Foster Growth of SMEs, Strengthen Private Equity Markets in Central America
The International Finance Corporation (IFC) and the U.S. International Development Finance Corporation (DFC) are investing $15 million in Antigua-based Pomona Impact Fund II to support the growth of small and medium-sized enterprises (SMEs), create jobs, and boost economic development primarily in Central America.
IFC and DFC's backing, with $7.5 million in equity investment from each institution, will enhance Pomona's support for SMEs in the agriculture, education, health, and water sectors, among others. The $30.5 million fund will provide organizational and operational support for businesses and help create value, while also promoting women-owned and managed companies. Mainly focused on Central America, the fund will also evaluate relevant projects in Mexico, Ecuador, and Colombia.