Posts Tagged ‘IFC’

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

Microfinance Focus, June 30, 2010: World Bank’s International Finance Corporation (IFC) has committed up to €25 million in the Green for Growth Fund Southeast Europe to stimulate financing of sustainable energy projects within the region. The fund will have a significant developmental impact in promoting energy efficiency and renewable energy and expanding lending to households, small and medium enterprises, renewable energy projects, energy service companies, ... Full story

Microfinance Focus, June 21, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. IFC Partners eTranzact on MobileMoney Project: As part of efforts to bridge the gap between the banked and the unbanked population of Nigeria, eTranzact in conjunction with International Finance Corporation (IFC), a member of the World Bank Group, have embarked on a pilot ... Full story

Microfinance Focus, June 19, 2010: International Finance Corporation (IFC), the World Bank’s financial arm will invest up to $47 million in the low-income housing subsidiary of Brookfield Incorporações S.A. to increase the availability of high-quality housing for low-income people in Brazil. IFC will provide local currency long-term revolving credit facility, not currently available to homebuilders by local banks. To date, IFC has invested around $40 ... Full story

Microfinance Focus, June 15, 2010: World Bank’s International Finance Corporation (IFC), has announced an equity investment of up to 10 percent in Nepal’s Nirdhan Utthan Bank Ltd, a microfinance development bank that expects to reach more than 150,000 borrowers in the next five years. IFC will play an important institution-building role to enable Nirdhan to expand its outreach in microfinance.  In addition to financial support, it ... Full story

Microfinance Focus, June 7, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. IFC May Invest Rs 10Cr In Mumbai MFI Swadhaar FinServe: Accion Gateway Fund and Unitus Equity Fund are the other PE investors in the MFI. International Finance Corporation (IFC), the private investment arm of the World Bank, is investing Rs 10 crore in ... Full story

Microfinance Focus, June 7, 2010: Recognizing banks and other financial institutions which have shown leadership and innovation in integrating social, environmental, and corporate governance considerations into their operations, The Financial Times and World Bank’s  IFC (International Finance Corporation), have recently announced the winners of the 2010 FT Sustainable Banking Awards. India’s Financial Information Network and Operations, FINO was awarded as the winner of Achievement in ... Full story