The financing package consists of $130 million from IFC's own-account and a $270 million syndicated loan from a group of 10 banks.
The loan aims to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.
Central Bank of Sri Lanka and IFC Launch the Country’s First National Financial Inclusion Strategy to Boost Financial Inclusion for All
The new strategy highlights Sri Lanka's gains in boosting access to financial services, and particularly, on areas of improvement to ensure usage and full financial inclusion in the country.
This study aims to understand the impact of the COVID-19 pandemic on women-led MSMEs in 13 African countries hoping to contribute to further strengthening of outcomes for those MSMEs.
This targeted new investment will help address the critical financing needs of Turkey's underserved micro, small, and medium enterprises in the agricultural sector.
The new Base of the Pyramid Program will provide up to $400 million to microfinance institutions, non-bank financial institutions, and banks that are focused on micro, small, and medium enterprises.
IFC and PasarPolis Partner Amid Pandemic to Boost Microinsurance Safety Nets for Indonesia’s Most Vulnerable
Under an agreement, IFC will provide PasarPolis with $5 million in equity finance to develop infrastructure to connect insurers, digital platforms and customers unserved by the traditional insurance sector.
IFC and Switzerland Partner to Help Develop Agricultural Capital Markets in Ukraine, Benefiting Small Farmers
Small farmers will have improved access to finance given a new endeavor that aims to boost capital markets development in Ukraine, enabling refinancing opportunities for creditors in agriculture.
The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.
IFC’s $25 Million Investment in Nations Trust Bank to Help Sri Lankan Businesses Continue Operations, Preserve Jobs Amid COVID-19
The financing package will be used by Nations Trust Bank to help small and medium sized enterprises and corporates to stay afloat during the ongoing public health crisis.