Tag: IFC

IFC Provides $335 Million Funding To Banco Davivienda To Spur Lending To Wsmes, Green Projects, And Social Housing In Colombia

Stuart Mitchell

Davivienda received from IFC, a member of the World Bank Group, a subordinated loan of USD$335 million to support the financing of women-owned small and medium-sized enterprises (SMEs), social housing and sustainable construction projects. This is the first loan granted by IFC in Latin America and the Caribbean, under the new regulation on additional solvency of Basel III (new Tier 2). “This operation is part of our sustainability strategy of supporting female entrepreneurship, financing sustainable projects and contributing with Colombians to fulfill their dream of having their own home. With…

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IFC, Activa Launch Insurance Program that Seeks to Benefit 1 Million Women in Cameroon

Stuart Mitchell

IFC, a member of the World Bank Group, partnered with Activa Assurances to launch today an insurance program in Cameroon that will boost coverage for women, including women entrepreneurs. Activa Assurances expects the program to benefit 1 million women by 2022. Under the program, Activa Assurances will provide women entrepreneurs and traders—or buyam-sellams—with insurance to protect against disruptive events in life or business operations. They will also receive training to expand their businesses. Women entrepreneurs will have access to a web portal that will provide them with a range of…

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IFC and DaNa Facility Respectful Workplaces Report launched in Myanmar-language to Help Businesses Prevent Bullying and Sexual Harassment in the Workplace

Stuart Mitchell

IFC, a member of the World Bank Group, and the DaNa Facility today launched the Myanmar-language version of their groundbreaking study, “Respectful Workplaces: Exploring the Costs of Bullying and Sexual Harassment to Businesses,” as part of moves to help employers deal with such behaviors in the workplace. Launched at the Myanmar Center for Responsible Business and Colors Rainbow event, Working with Business to Promote LGBTI Equality in Myanmar, the report lays out practical examples of how to address and prevent bullying and sexual harassment in the workplace. “Bullying and harassment…

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IFC, Goldman Sachs Foundation Launch First-Ever Gender-Focused Trade Finance Program

Stuart Mitchell

The International Finance Corporation (IFC), a member of the World Bank Group, and the Goldman Sachs Foundation has launched a first-of-its-kind gender-focused trade finance program during the World Trade Organization’s Aid for Trade Global Review in Geneva, Switzerland. Called the Banking on Women-Global Trade Finance Program (BOW-GTFP), the initiative will incentivize IFC’s Global Trade Finance Program participating banks to increase trade finance for women importers and exporters and encourage those financial institutions to track their business with female entrepreneurs. “Just one in five exporting companies is owned by a woman,…

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IFC Partners with Levi Strauss and Co. to Reduce Emissions, Water Use in Textile Factories

Stuart Mitchell

IFC, a member of the World Bank Group, and Levi Strauss & Co. (LS&Co.), one of the world’s leading brand name apparel companies, signed a cooperation agreement that will help LS&Co. meet its corporate sustainability objectives to reduce greenhouse gas emissions and water use in its supply chain. IFC will work with 42 designated LS&Co. suppliers and mills in 10 countries to identify and implement appropriate renewable energy and water-saving interventions that will reduce greenhouse gas emissions. The work, which will take place in Pakistan, Bangladesh, Sri Lanka, India, Mexico,…

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