IFC and Compass Group Announce Investment for up to $21 Million to Help Micro and Small Peruvian Enterprises

The International Finance Corporation (IFC), member of the World Bank Group, and Compass Group have announced an alliance to channel working capital to hundreds of Peruvian companies, primarily micro and small enterprises (SMEs), from multiple economic sectors which have been severely impacted by the economic crisis generated by the COVID – 19 pandemic.

The alliance is materialized in IFC’s investment commitment for up to US$21 million to be invested in one of the funds managed by Compass Group SAFI, “Compass – Fondo de Inversión Adelanto de Efectivo”, which translates itself as a cash advance investment fund. Moreover, both parties have agreed to establish a technical support program for the implementation of important enhancements for ESG investments, which is estimated to generate a relevant impact for Peruvian enterprises and communities.