All News and Announcements
Private Asset Impact Fund Ecosystem Worth Over $30 Billion
Symbiotics publishes its inaugural global impact fund survey, merging its historical microfinance investment vehicle survey, started with the CGAP in 2007, and its private debt impact fund survey, started with the Global Impact Investing Network in 2018.
IFC and Compass Group Announce Investment for up to $21 Million to Help Micro and Small Peruvian Enterprises
The International Finance Corporation (IFC) and Compass Group have announced an alliance to channel working capital to hundreds of Peruvian companies from multiple economic sectors which have been severely impacted by the economic crisis generated by the COVID–19 pandemic.
Ethiopia Allows Local Banks To Borrow From Foreign Banks
The decision of the National Bank of Ethiopia followed the chronic foreign currency shortage the country has been facing for many years.
FINCA Malawi Receives Initial Disbursement of a $1.5 Million Loan Facility From the Belgian Investment Company for Developing Countries
Through a network of 23 branches and 63 active agents across the country, FINCA Malawi serves more than 70,000 clients offering individual and group loans, savings and insurance products specifically designed for low-income entrepreneurs.
IFC Provides $100M to Daycoval to Support SMEs Facing the Impacts of the COVID-19 Pandemic
This loan to Daycoval is being granted as part of IFC’s global response to combat the economic impacts of the COVID-19 pandemic.
IFC Mobilizes $2B in Credit Capacity From Insurers to Expand Lending to Financial Institutions
IFC has partnered with six global insurance companies to mobilize $2 billion in credit capacity under the Managed Co-Lending Portfolio Program (MCPP).
Symbiotics Launches First $7.75 Million Green Bond With Pan Asia Banking Corporation
The bond is the first Green Bond issued via Symbiotics’ sponsored bond issuance platform under its Sustainability, Social and Green Bond Framework which was certified in December 2019 by DNV GL.
IFC, Proparco Join Efforts to Maximize Development Impact and Accelerate COVID-19 Recovery
The joint collaboration aims to create markets, mobilize private sector investment, and support economic recovery in developing countries in the wake of the COVID-19 global crisis.
IFC Investment Will Allow Banco General to Support Mortgage Financing and Boost Climate Products
IFC, a member of the World Bank Group, provided Banco General, S.A., a loan of $150 million for mortgage lending for low and middle-income families in Panama, at the end of 2019.
World Bank Issues $300 M Loan to Boost Indonesia's Financial Sector
The loan will support the development of financial technology and inclusion in Indonesia and will will provide budget support for Indonesia’s reform agenda in three key policy areas.