Proxtera is working with a number of other entities, including the Monetary Authority of Singapore, on the rollout of an open financial education and action program intended for Asian and African micro-, small- and medium-sized enterprises (MSMEs). According to the Tuesday (June 28) press release,...
A new report on Friday (May 28) by the International Finance Corporation (IFC) found that women could drive more than $280 billion to Southeast Asia’s eCommerce market between 2025 and 2030. The IFC report — which includes data from eCommerce company Lazada and from surveys of vendors in Indonesia...
The International Finance Corporation (IFC) has extended a $40 million credit facility to Nigeria’s Union Bank to spur trade as the key African country is beset with its worst downturn in nearly 40 years. Union Bank said the credit facility, which comes under the IFC’s...
When Citigroup and the International Finance Corp. (IFC) teamed up more than a decade ago, the world remained in the midst of an economic crisis that hit small and medium-sized businesses (SMBs) in emerging markets especially hard. Their tie-up led to the creation of the...
July 14, 2020
When Citigroup and the International Finance Corp. (IFC) teamed up more than a decade ago, the world remained in the midst of an economic crisis that hit small and medium-sized businesses (SMBs) in emerging markets especially hard. Their tie-up led to the creation of the IFC’s Global Trade Liquidity Program. Since its 2009 debut, the […]
July 05, 2023
International Finance Corporation (IFC) and Thai Credit Retail Bank have partnered to help small businesses in Thailand. As a global development institution that is a member of the World Bank Group, IFC is providing Thai Credit a $105 million loan to support the country’s small- to medium-sized businesses (SMBs), the organizations said in a Wednesday (July 5) press release. At […]
May 28, 2021
A new report on Friday (May 28) by the International Finance Corporation (IFC) found that women could drive more than $280 billion to Southeast Asia’s eCommerce market between 2025 and 2030. The...
April 26, 2018
Mastercard and IFC, a member of the World Bank Group, announced Thursday (April 26) that they have updated a $250 million global risk-sharing facility in an effort to expand access...
September 11, 2017
A new report from the International Finance Corporation, a part of the World Bank Group, finds correspondent banking relationships are down, an unintended consequence of regulatory reform. Reports in The Financial...
