IFC and Banco Industrial expand financing for SMEs, with a focus on women-led businesses and the Legal Amazon

IFC, a member of the World Bank Group, and Banco Industrial do Brasil S.A. (BIB) have announced a $105 million financing package to expand access to finance for micro, small, and medium-sized enterprises (MSMEs) throughout Brazil. The investment will support women-led businesses in particular and help expand financial services in the Brazilian Legal Amazon region, contributing to promoting the country’s inclusive and sustainable economic growth. At minimum of 30% of the resources will be allocated to finance women-led small and medium-sized enterprises (SMEs), 10% will support SMEs operating in the…

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