Articles with tag like: IFC

Found 19 results in 789 milliseconds.

IFC, Nedbank partner to increase green financing in South Africa

News | E-invoicing, SCF & E-procurement | 21 Dec 2020

IFC, a member of the World Bank Group, and Nedbank Limited have partnered to increase financing for renewable energy projects in South Africa.

IFC, Nedbank, green financing, South Africa

IFC lends support to UniCredit Leasing

News | E-invoicing, SCF & E-procurement | 13 Nov 2020

IFC, a member of the World Bank Group, has announced its support to UniCredit Leasing Corporation, Romania's leasing company, to increase access to finance for SMEs and to provide more climate finance to its clients across the country. 

IFC, UniCredit Leasing Corporation, leasing company, finance, SMEs

IFC, Union Bank to boost access to trade finance in Nigeria

News | E-invoicing, SCF & E-procurement | 12 Oct 2020

IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business and enable increased international trade for Nigeria.

Nigeria, IFC, Union Bank, trade finance, Covid 19, financing, SMEs, letters of credit, trade-related promissory notes, Guarantees, bonds, advance payment guarantees

IFC and UBA to train Ugandan SMEs to face pandemic crisis

News | E-invoicing, SCF & E-procurement | 11 Aug 2020

IFC, a member of the World Bank Group, and the Uganda Bankers Association (UBA) has partnered to train financial institutions and SMEs regarding the COVID-19 crisis.

IFC, UBA, Uganda, financial, banks, SMEs, COVID-19, coronavirus, pandemic, World Bank Group, Uganda Bankers Association, UBA, partnership, digital

Equity Bank secures USD 50 mln IFC-loan for Kenya-based SMEs amid COVID-19

News | E-invoicing, SCF & E-procurement | 22 Jul 2020

World Bank Group member IFC has provided a $50 million loan to Equity Bank Kenya to help small and medium-sized enterprise (SME) clients facing COVID-19 challenges.  

World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue

IFC provides USD 50 mln loan to Access Bank for Nigeria-based businesses amid Covid-19

News | E-invoicing, SCF & E-procurement | 20 Jul 2020

World Bank Group member IFC has provided a USD 50 million loan to Access Bank to help the bank increase liquidity to SMEs in Nigeria challenged by COVID-19. 

IFC, Access Bank, World Bank Group, Nigeria, SMEs, Covid 19, Africa, loan, fast track financing support package, fast track facility, trade financing, working capital, business clients, disrupted cash flows, retail bank

IFC invests EUR 25 mln in NSIA, helps finance businesses in Côte d'Ivoire during COVID-19

News | E-invoicing, SCF & E-procurement | 13 Jul 2020

IFC, a member of the World Bank Group, has announced a EUR 25 million, one-year senior loan to NSIA Banque Côte d’Ivoire (NSIA), allowing the bank to extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the Covid-19 pandemic.

IFC, NSIA, finance, COVID-19, loan, cash flow, Côte d’Ivoire

IFC, Citi roll out USD 800 mln facility for trade finance in emerging markets

News | E-invoicing, SCF & E-procurement | 02 Jul 2020

IFC and Citi have created an USD 800 million facility to support trade flows in developing countries and help businesses amid the pandemic.

IFC, Citi, facility, trade finance, emerging countries, World Bank, pandemic, COVID-19, cash flow, trade assets, trade volume, Global Trade Liquidity Program, IDA countries

Figopara secures USD 1 mln in financing round

News | Online & Mobile Banking | 11 May 2020

Turkey-based fintech Figopara has raised a million dollars in its second financing round.

Turkey, fintech, Figopara, IFC, The World Bank’s International Finance Corporation, Revo Capital, Endeavor Catalyst, SMEs, invoices, lenders, Akbank, Fibabanka, ING Turkey, Yapi Kredi Bank

World Bank Group increases COVID-19 response to USD 14 Billion

News | Payments General | 19 Mar 2020

The World Bank and IFC have approved a USD 14 billion financing package of fast to assist companies and countries dealing with the COVID-19 pandemic. 

World Bank, IFC, International Finance Corporation, financial aid, financial support, World, COVID-19, coronavirus

World Bank Group announces up to USD 12 Billion for COVID-19 country response

News | Payments General | 04 Mar 2020

The World Bank Group is making available up to USD 12 billion to assist countries coping with the health and economic impacts of the global COVID-19 outbreak. 

The World Bank Group, World Bank, COVID-19, coronavirus, IDA, IBRD, IFC, International Finance Corporation, lending, low-interest loan

IFC raises trade finance limits to support firms amid COVID-19

News | E-invoicing, SCF & E-procurement | 24 Feb 2020

The International Finance Corporation has increased trade finance limits for Vietnamese banks to improve their capacity to cover SME payment risks after COVID-19 outbreak.

The International Finance Corporation, IFC, trade finance, payments risk, Vietnam, An Binh Commercial Joint Stock Bank, ABBank, Tien Phong Commercial Joint Stock Bank, Vietnam International Commercial Joint Stock Bank, Vietnam Prosperity Joint Stock Commercial Bank, Asia, APAC

Demica to provide technology platform to IFC

News | E-invoicing, SCF & E-procurement | 11 Sep 2019

UK-based working capital solutions provider Demica has announced it will provide its technology platform for IFC’s Global Supplier Chain Finance.

Demica, IFC, Global Supplier Chain Finance, supply chain finance, partnership, UK, working capital solutions, World Bank Group

IFC, Goldman Sachs launch gender-focused trade finance programme

News | E-invoicing, SCF & E-procurement | 05 Jul 2019

The International Finance Corporation (IFC) and the Goldman Sachs Foundation have launched a first-of-its-kind gender-focused trade finance programme.

IFC, Goldman Sachs, trade finance, Banking on Women-Global Trade Finance Program

IFC credit package boosts SCF for Vietnamese SMEs

News | E-invoicing, SCF & E-procurement | 28 Mar 2019

The International Finance Corporation and Orient Commercial Bank have signed a deal on a USD 100 mln USD credit package to promote supply chain financing.

The International Finance Corporation, IFC, Orient Commercial Bank, supply chain finance, lending, small and medium sized enterprises, SMEs, Co-Lending Portfolio Programme, Vietnam, Asia, APAC

IFC, Citi provide USD 1.2 bln to support trade in emerging markets

News | E-invoicing, SCF & E-procurement | 22 Jan 2019

The International Finance Corporation and Citibank have announced signing a USD 1.2 billion risk-sharing facility to help stimulate trade in emerging markets.

IFC, The International Finance Corporation, Citibank, partnership, trade finance, emerging market, Africa, Asia, APAC, emerging market trade flows, funding, risk-sharing facility

Ant Financial, IFC launch financial inclusion programme

News | E-invoicing, SCF & E-procurement | 16 Oct 2018

International Financial Corporation and Ant Financial, a China-based tech company and the operator of Alipay, have launched the 10×1000 Tech for Inclusion programme.

Ant Financial, IFC, financial inclusion, programme, sustainability, finance

IFC, Citibank provide USD 1.2 bln to support trade in emerging markets

News | E-invoicing, SCF & E-procurement | 27 Jul 2018

IFC, a member of the World Bank Group, and Citi have announced a USD 1.2 billion risk-sharing facility to help stimulate the growth of trade in emerging markets and to support economic development.

IFC, Citibank, trade finance, emerging markets, financing, supply chain finance

IFC raises trade finance support ceiling for Belarusian BNB Bank

News | E-invoicing, SCF & E-procurement | 30 Mar 2018

The International Finance Corporation (IFC) has increased the ceiling amount available to Belarusian OAO BNB Bank for trade finance support operations by USD 5.5 million.

IFC, trade finance, OAO BNB Bank, Belarus