Posts Tagged ‘IFC’

Microfinance Focus, Sep 2, 2010:  World Bank’s International Finance Corporation (IFC) and Daiwa Securities Group have announced their plan to issue a bond later this month to expand access to finance for poor and low-income entrepreneurs in developing countries. This will be IFC’s second microfinance bond.  The first issue in November 2009 raised about 25 billion Japanese yen. The bond is expected to raise up to ... Full story

Microfinance Focus, Sep 1, 2010: International Finance Corporation (IFC), the financial arm of World Bank increased its investments in Sub-Saharan Africa to $2.4 billion during the fiscal year 2010 from $1.8 billion a year earlier. It was the first time IFC's annual investments surpassed $2.0 billion in the region. IFC mobilized an additional $1.1 billion from other investors and approved 40 new Advisory Services projects ... Full story

Microfinance Focus, Aug 27, 2010: World Bank’s financial arm, International Finance Corporation (IFC) has launched the Pacific Microfinance Initiative to improve access to basic financial services for women, rural households, and enterprises in Papua New Guinea, Timor-Leste, and the Pacific Islands. The Australian government is providing 9.5 million Australian dollars toward the total cost of 12.3 million Australian dollars ($11.3 million) for the four-year initiative. The ... Full story

Microfinance Focus, Aug 19, 2010: International Finance Corporation (IFC), the financial arm of World Bank has invested in Suvidhaa’s Inforserve’s USD 7 million second round of funding. Global investors, Norwest Venture Partners (NVP) and Reliance Venture Asset Management Ltd. were the other two investors. Suvidhaa, a retail services aggregator, intends to use the new capital to further enhance its technology platform, broaden its portfolio of consumer ... Full story

Microfinance Focus, Aug 14, 2010: International Finance Corporation (IFC) has lent a $15 million loan to Moldova Agroindbank, in support of the bank’s efforts to help more of the country’s small and medium businesses access the financing they need to grow. The bank also has joined IFC Global Trade Finance Program, which will enable the provision of expanded trade finance for its clients, and connect it ... Full story

Microfinance Focus, Aug 12, 2010: World Bank’s financial arm, International Finance Corporation (IFC)has signed a two-year agreement with Banco Comercial e de Investimentos (BCI) to expand access its Business Edge and SME Toolkit training solutions targeting 200 women entrepreneurs in business management skills and access to information. The training component will cover topics such as controlling costs, budgeting, business planning, assessing market opportunities, customer service, selling ... Full story

Microfinance Focus, Aug 4, 2010: World Bank’s International Finance Corporation (IFC) may invest in India’s Ananya Finance For Inclusive Growth Pvt. Ltd.  Ananya is expected to raise approx. INR 1.50 billion (approximately $ 32.60 m) in equity to strengthen its capital adequacy and onlend larger amount in the new entity. IFC’s proposed investment in Ananya consists of an equity investment of upto INR 500 million ... Full story

Microfinance Focus, July 30, 2010: International Finance Corporation, the financial arm of World Bank and India’s Federal Bank have joined hands to enhance support to small and medium enterprises and help boost international trade opportunities. IFC will be providing trade financing of up to $25 million to India’s Federal Bank and the facility will give risk coverage and access to a global network that will ... Full story

Microfinance Focus, July 24, 2010: World Bank’s International Finance Corporation (IFC)and German government development agency (GTZ) are providing technical assistance to the Philippines’ central bank to strengthen its supervisory and regulatory capacity for lending to small and medium enterprises. Deutsche Bank Risk Management Advisory has been chosen to provide advisory services on risk management best practices. Greater support from central bank supervisors for commercial banks specializing ... Full story

Microfinance Focus, July 16. 2010: International Finance Corporation (IFC) has announced to increase finance for agribusiness and smaller companies in Zambia by investing $25 million in Zambia National Commercial Bank PLC (Zanaco). Zanaco will use the $25 million senior loan from IFC to increase products and services that target small and medium enterprises, especially in the agricultural sector. It will also expand its lending in ... Full story

Microfinance Focus, July 13, 2010: International Finance Corporation (IFC) a member of World Bank has signed an agreement with Banco de Ahorro y Crédito ADOPEM, one of the most important and recognized microfinance institutions in the country to implement an advisory services project for the institutional strengthening of the bank to enhance the financial services provided to low-income clients in the Dominican Republic. This project will ... Full story

Microfinance Focus, July 9, 2010: Bank of Georgia is joined by World Bank’s International Finance Corporation (IFC) in supporting the growth strategy of Belarusky Narodny Bank for the development of the banking sector and expanding access to finance for small and medium companies in Belarus. IFC will buy 19.9 percent of equity and provide a $5 million loan to Belarusky Narodny Bank, a midsize Belarusian ... Full story

Microfinance Focus, July 7, 2010: Supporting Banco Atlantida with the development and implementation of its strategy for small and medium enterprises, International Finance Corporation (IFC) has signed an agreement with it yesterday to implement an advisory services project. Advisory services are being provided to Banco Atlantida under IFC’s Latin America and the Caribbean Micro, Small, and Medium Enterprise Finance Program. The program aims to augment the ... Full story

Microfinance Focus, July 1, 2010: International Finance Corporation (IFC), a member of the World Bank Group, has extended its support to small businesses surrounding the Chad-Cameroon Pipeline Project by transferring the Chad Enterprise Center to the Chad Chamber of Commerce. It aims to help business people develop skills and enhance the growth and competitiveness of micro, small, and medium enterprises. IFC, in partnership with the Chad ... Full story