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.

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.

The new loan will increase access to payment systems for Colombians, in addition to promoting greater competition in the industry in favor of consumers. 

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.

This is a key outcome of reforms the Reserve Bank of Fiji has been leading in collaboration and partnership with key payment system stakeholders in Fiji.

Under the partnership, IFC has loaned $5 million to CRDB Bank Burundi S.A. for on-lending to smaller businesses, many of which struggle to access financing for growth, especially in the wake of the COVID-19 pandemic.

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.

A new regional platform will help financial institutions resolve their non-performing loans in Bosnia and Herzegovina, Croatia, Romania, and Serbia, freeing up capital for new lending.

The investment will allow the bank to strengthen its lending operations for women-owned micro, small, and medium enterprises in the underserved regions of the country.

The local currency-denominated senior non-preferred sustainability bonds will help the bank increase its lending to businesses investing in climate-smart initiatives—green buildings, renewable energy, energy efficiency, clean transportation, sustainable agriculture, and others.