All News and Announcements
Argentine Foreign Minister Lauds Brac’s Social Development and Financial Inclusion Initiatives
Argentine Foreign Minister Santiago Andres Cafiero visited BRAC head office on Monday to learn about BRAC's approach to designing anti-poverty solutions, especially with a focus on women's empowerment and financial inclusion of rural women.
EBANX Launches Payment Initiator Service for Brazilian Merchants via Pix
International payments in rising markets company EBANX has been authorized by the Central Bank of Brazil to offer a payment initiator service via Brazil’s instant payment platform Pix.
IFC and Itaú Partner in a Gender Bond to Support Women Entrepreneurship in Brazil
The project represents the first gender bond issued by a private bank in Brazil in the form of Letras Financeiras (LFs), an exclusive debt security instrument for local financial institutions.
IFC Grants Financing to Arrendamás for $1,000 Million Pesos to Boost SMEs in Mexico
The IFC financing will be aimed at supporting the growth plan of Arrendamás, focusing on increasing both the placement of products, as well as the diversification and quality of its credit portfolio.
Nubank Secures Loan of up to $150 Million From IFC to Strengthen Its Operation and Expand Access to Financial Services in Colombia
The new loan will increase access to payment systems for Colombians, in addition to promoting greater competition in the industry in favor of consumers.
MicroRate Authorized to Operate As a Risk Rating Agency in Panama
This is the first time that a rating agency specializing in microfinance has been authorized in Panama to rate regulated financial institutions in the country.
Symbiotics Investments Launches Its First Green Bond in Central America With Corporación Interamericana Para el Financiamiento de Infraestructura “CIFI”
With the issuance of this Green Bond, CIFI will promote sustainable development in Latin America and the Caribbean by financing several green projects in renewable energy: solar, wind, geothermal power, biomass or biogas power, and hydropower.
IFC Announces $300 Million Loan to Banistmo to Boost Financing for SMEs and Preferential Mortgages
The investment will allow Banistmo to address two development challenges simultaneously by reducing the financing gap for SMEs and addressing the country's housing deficit.
IFC Announces $50 M Loan to Caja Arequipa to Promote MSMEs in Peru
The loan will benefit more than 20,000 clients of Caja Arequipa, which will contribute to the development of the most vulnerable sectors of Peru in the context of the economic recovery after the COVID-19 pandemic.
Colombia Is in Talks With Brazil to Implement the Pix Payment System
Colombia is looking to minimize the use of cash in the country and boost the financial inclusion of its most vulnerable citizens.