The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has provided a loan of EUR 12.5 million (USD 16.5 million) to agriculture-based financial institution Agricover Credit IFN to increase lending to farmers in Romania and promote modernization in the industry.
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MICROCAPITAL BRIEF: International Finance Corporation (IFC), SANASA Insurance to Provide Microinsurance to Farmers in Sri Lanka
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has partnered with Sri Lankan microinsurance company SANASA (Thrift, Credit and Cooperative Society in Sinhala) Insurance to “develop flexible, affordable, weather-based agricultural insurance products in Sri Lanka to minimize the impact of crop losses due to floods or droughts.”
MICROCAPITAL BRIEF: International Finance Corporation (IFC), UK’s Department for International Development (DFID) Invest $263m in New Global SME Finance Facility
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has invested USD 200 million in the Global SME Finance Facility, a program that combines “donor funding with funding from international development institutions to expand lending to small businesses in emerging markets.”
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Wells Fargo Partner To Launch $200m Facility to Increase Trade Finance for Banks in Emerging Markets, Half in Middle East, North Africa
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and Wells Fargo, an American financial services provider, recently teamed up to launch a USD 200 million, five-year risk-sharing facility to support the trade financing needs of banks in emerging countries with the aim to propel economic growth and job creation.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $13m to Ohridska Banka of Macedonia to Increase Lending to Small and Medium-sized Enterprises
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has loaned EUR 10 million (USD 13.1 million) to Macedonia’s Ohridska Banka “to increase access to finance for small and medium enterprises and boost economic recovery in the country.”
MICROCAPITAL BRIEF: International Finance Corporation (IFC), BNP Paribas Partner on $100m Facility to Increase Agriculture Financing in Sub-Saharan Africa, Eastern Europe
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and BNP Paribas (Suisse) SA, the Swiss subsidiary of France-based financial services provider BNP Paribas recently teamed up to launch a USD 100 million, three-year risk-sharing facility to support the financing needs of agriculture firms in Sub-Saharan Africa and Eastern Europe.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Lends $75m to Yes Bank of India to Increase Funding for Small Businesses, Farms in India
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced it will be lending USD 75 million to India’s Yes Bank, a commercial bank headquartered in Mumbai, to support its on-lending activities to small and medium-sized enterprises and agricultural clients.
MICROCAPITAL BRIEF: Advans SA Opens Microfinance Institution Advans Cote d’Ivoire, International Finance Corporation (IFC) Invests $1m in Equity
Advans SA, a microfinance investment vehicle managed by Horus Development Finance of France, has announced that it has opened the first branch of its fifth microfinance institution (MFI), Advans Cote d’Ivoire, in Abidjan, the capital of the country.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Qatar Development Bank (QDB) Expand Platform SME Toolkit in Qatar
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the nonprofit Qatar Development Bank (QDB) have launched the SME Toolkit, an online platform, in Qatar.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to NBD Bank of Russia to Support Small Businesses
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has provided a five-year loan of RUB 300 million (USD 10 million) to Russia-based NBD Bank to support small businesses in small company towns in central Russia.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $25m in Indian Equity Firm BanyanTree, Investor in SMEs
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, reportedly plans to invest up to USD 25 million in India-based private equity firm BanyanTree Capital Advisors Limited, and investor in small and medium-sized enterprises (SMEs) in India.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $10m in Equity in Chilean Insurer Aseguradora Magallanes
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has invested USD 10 million in equity in Chilean insurance company Aseguradora Magallanes (AM) in an effort to expand the availability of insurance products, such as life and agribusiness insurance, to owners of under-served small businesses in Chile.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Spain, Netherlands, Luxembourg Partner to Support Mobile Financial Services in Remote Regions of Latin America, Caribbean
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, is working to encourage the provision of “mobile financial services to underserved populations in remote areas of Latin America and the Caribbean.”
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $25m to Banco BBVA Panama
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, will provide a five-year credit line of USD 25 million to Banco BBVA Panama to expand its lending to farmers and small and medium-sized enterprises (SMEs) with the aim of promoting regional economic integration.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), KfW Bankengruppe, German Federal Ministry of Economic Cooperation and Development (BMZ) to Invest $100m in Micro Finance Initiative for Asia (MIFA)
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, reportedly plans to set up the Micro Finance Initiative for Asia (MIFA), a Luxembourg-based USD 100 million microfinance debt fund.
MICROCAPITAL BRIEF: European Union Funds International Finance Corporation (IFC) to Support Microfinance Institution Arvand’s Agricultural Loans in Tajikistan
The International Finance Corporation (IFC), a member of the World Bank Group that supports private-sector development, has announced plans to assist Arvand, a deposit-taking microfinance organization based in Tajikistan, in developing its agricultural loan portfolio in the Sughd province.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $32m to Garanti Bank Romania for Small and Medium-Sized Enterprises
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to loan EUR 22.5 million (USD 32.3 million) to the Romanian branch of Garanti Bank “to help finance small and medium businesses in Romania, especially those owned or managed by women entrepreneurs.”
MICROCAPITAL BRIEF: International Finance Corporation (IFC), ACCION Support Swadhaar in Expanding Microfinance for Women in Urban India
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and ACCION International, a private, US-based nonprofit organization, will advise Swadhaar FinServe Private Limited (SFPL), an Indian microfinance institution, on its expansion of financial services for women in urban slums of the following Indian states: Gujarat, Madhya Pradesh, Maharashtra and Rajasthan.