Tag Archives: IFC

IFC, Netherlands Boost Support to Emerging Market SMEs

IFC, a member of the World Bank Group, and the Netherlands Ministry of Foreign Affairs will provide financing and advice to small and medium enterprises (SMEs), especially to those in difficult to reach segments and in fragile markets, by lending through emerging market banks and other financial intermediaries. The Dutch pledged $27 million to IFC’s Global SME Finance Facility, which ...

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IFC Helps Card Bank and CARD SME Bank in Philippines

IFC, a member of the World Bank Group, will provide a seven-year loan of up to Philippine Peso 700 million ($15.7 million) to CARD Bank, Inc. and CARD SME Bank, Inc., to be lent to micro, small, and medium enterprises (MSMEs), microfinance borrowers, and women in rural Philippines. Almost three-quarters of the poor in the Philippines live in rural areas. ...

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Women Key to Corporate Success in Jordan, IFC Study Finds

A new report from IFC, a member of the World Bank Group, and Jordan’s Institute of Directors (JIOD) finds that by elevating more women to senior management positions, local companies could dramatically improve their performance. Although women represent 16 percent of the labor force in Jordan, they hold only 6 percent of board positions, according to the report, Impact of ...

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IFC Lends $10 Million Worth Credit Line to Nigeria’s LAPD MfB

IFC, the inestment arm of the World Bank, will provide $10 million loan to LAPO Microfinance Bank in Nigeria to roll out agent banking that will increase access to financial services for low-income customers, small-scale entrepreneurs and rural communities. It is the largest-ever investment IFC has made in a microfinance institution in Sub-Saharan Africa. LAPO Microfinance Bank, one among the ...

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