The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently loaned USD 3 million to Palestine for Credit and Development (FATEN in Arabic), a microfinance institution based in the West Bank in Palestine, to provide financial products and services to micro-, small and medium-sized enterprises (MSMEs) in the West Bank and Gaza.
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MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Assist Microfinance Institution (MFI) IMON International of Tajikistan in Financing, Leasing Agricultural Equipment
As part of its Tajikistan Agribusiness Finance and Business Environment Project, the International Finance Corporation (IFC), the private-investment arm of the World Bank Group, will support IMON International, a microfinance institution (MFI) in Tajikistan, in the identification of new clients that may benefit from equipment finance.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Provides 50% Credit Guarantee to $8.4m Bond Issuance of Housing Developer Vinte Viviendas Integrales of Mexico, Anticipates 2,200 Jobs Created
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced a 50 percent credit guarantee to a bond issuance in the amount of MXN 100 million (USD 8.4 million) offered by Vinte Viviendas Integrales, a housing developer in Mexico. Sergio Leal, Vinte’s CEO said that, “IFC’s structured financing will help Vinte access a new type of institutional investor to help expand our portfolio of affordable-housing projects.” [1]
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Arab Monetary Fund (AMF) Launch “Arab Secured Transactions Initiative” to Boost Lending to Small and Medium-Sized Enterprises (SMEs)
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the Arab Monetary Fund (AMF), a regional organization that supports economic development in the Arab world, recently launched the Arab Secured Transactions Initiative to encourage lending to small and medium-sized enterprises (SMEs).
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $30m to Banco Regional of Paraguay to Improve Access to Financial Services for Small and Medium-Sized Enterprises (SMEs)
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently loaned USD 30 million to Banco Regional, a commercial bank based in Paraguay, to improve access to financial services for small and medium-sized enterprises (SMEs).
MICROCAPITAL BRIEF: Tutunska Banka Joins International Finance Corporation’s (IFC’s) Global Trade Finance Program (GTFP) to Support Small Enterprises in Macedonia
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced that Tutunska Banka, a commercial bank based in the Former Yugoslav Republic (FYR) of Macedonia, joined its Global Trade Finance Program (GTFP), which guarantees the trade-related payment obligations of approved financial institutions. By joining the program, Tutunska Banka looks to meet the trade finance demands of the country’s small and medium-sized enterprises (SMEs).
MICROCAPITAL BRIEF: MicroCred Holding, MicroCred China Receive Capital Increases Totaling $31m, Including Participation From AXA Belgium, Developing World Markets, IFC, KfW
MicroCred Holding, a microfinance investment company created by French nongovernmental organization (NGO) PlaNet Finance, and its subsidiary, MicroCred China, recently announced two capital increases totaling the equivalent of USD 31.1 million.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC) Promote Lending Against Crop Receipts in Russia, Ukraine
The European Bank for Reconstruction and Development (EBRD), a multilateral finance institution based in London, and International Finance Corporation (IFC), the private-investment arm of the World Bank Group, are working together to promote lending against crop receipts of Russian and Ukrainian farmers in an effort to increase investment in agribusiness operations by allowing farm owners to use future harvests as collateral when applying for loans [1] [2].
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $100m in Sagicor Financial of Barbados to Develop Caribbean Insurance Industry, Including Through Microfinance Institutions (MFIs)
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently agreed to invest up to USD 100 million in Sagicor Financial Corporation, a financial institution based in Barbados, to develop the market for insurance products in the Caribbean.
MICROCAPITAL BRIEF: Peruvian Microfinance Institution (MFI) Mibanco Seeks $60m Syndicated Loan from International Finance Corporation (IFC), Grupo ACP Issues $85m in Bonds
Mibanco, a Peruvian microfinance institution (MFI), is seeking a syndicated loan in an amount equivalent to USD 60 million from the International Finance Corporation (IFC), the private-investment arm of the World Bank Group.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $20m to Agricultural Cooperative Bank of Armenia (ACBA)-Credit Agricole Bank to Increase Lending to Micro-, Small and Medium-Sized Enterprises (MSMEs)
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently loaned USD 20 million to Agricultural Cooperative Bank of Armenia (ACBA)-Credit Agricole Bank to increase lending to farmers and micro-, small and medium-sized enterprises (MSMEs) in the agribusiness sector.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Supports Development of Microfinance by American Life of Brazil
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and American Life, a Brazilian insurance company, recently launched an effort to rollout a new life insurance product that will be offered to low-income families in Brazil.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Extends $5m Trade Facility to Laxmi Bank of Nepal to Support Small Businesses
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced that it extended a USD 5 million trade facility to Laxmi Bank, a Nepalese commercial bank that was established in 2002, to support the development of small businesses and international trade opportunities in Nepal.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Takes 15% Stake in Banque de L’Habitat du Burkina Faso to Support Housing Finance
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced that it signed an agreement with Banque de L’Habitat du Burkina Faso (BHBF) through which IFC will purchase a 15-percent stake in BHBF for USD 600,000 to support housing finance.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Signs United Nations-backed Principles for Responsible Development (PRI), Will Promote PRI Through Events in Emerging Markets
International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently signed the United Nations-backed Principles for Responsible Development (PRI), a framework that demonstrates the signatories’ commitment to integrate environmental, social and governance (ESG) factors into investment processes—including those in the microfinance industry.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Central American Bank for Economic Integration (CABEI) to Provide Joint Advisory Services, Promote Development of Micro-, Small and Medium-Sized Enterprises (MSMEs)
International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the Central American Bank for Economic Integration (CABEI), an organization founded by the governments of Guatemala, El Salvador, Honduras, Costa Rica and Nicaragua to promote economic and social development in the region, recently signed an agreement to provide joint advisory services to government projects with private sector participation in CABEI member nations. Through this effort to increase public/private synergies, IFC aims to improve the business climate for micro-, small and medium-sized enterprises (MSMEs) by creating development opportunities and supporting infrastructure improvements.
MICROCAPITAL BRIEF: Guy Carpenter Reinsurance to Receive $1m Grant from International Finance Corporation (IFC) to Develop Agriculture Microinsurance in Mozambique
Guy Carpenter and Company, a reinsurance company headquartered in New York City, recently announced that it will receive a grant from the International Finance Corporation (IFC), the private-investment arm of the World Bank Group, in the amount of USD 1 million to develop agriculture microinsurance in Mozambique.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Purchase 18 Percent Stake in National Rural Support Programme Microfinance Bank (NRSP MF Bank) of Pakistan in Effort to Boost Farmers’ Access to Finance
International Finance Corporation (IFC), a member of the World Bank Group, is acquiring an 18 percent stake in the National Rural Support Programme Microfinance Bank (NRSP MF Bank), a Pakistani microfinance institution (MFI), in an effort to increase access to finance for farmers [1]. The investment will support the bank in its efforts to provide farmers with the access to crop and livestock loans and develop deposit products [1].