Tag: IFC

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

Stuart Mitchell

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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IFC and Santander Chile Launch First US$100 Million Loan for Green Building Projects

Stuart Mitchell

The International Finance Corporation (IFC), a member of the World Bank Group (WBG), has committed a US$100 million loan to Santander Chile to finance green building projects. This marks IFC’s first green loan in Chile dedicated exclusively to environmentally friendly buildings, and it is also the first loan of its kind granted to the Santander Group worldwide. The transaction includes a sustainability-linked incentive, which is contingent on Santander Chile meeting key performance indicators (KPIs) related to the development of green construction sub-projects aligned with the Excellence in Design for Greater…

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IFC Partners with CRX Markets to Advance Supply Chain Sustainability

Stuart Mitchell

To help improve the sustainability of global supply chains, the International Finance Corporation (IFC), a member of the World Bank Group, has announced a new partnership with CRX Markets, one of Europe’s largest working capital finance platforms. The partnership will draw on CRX Markets’ robust platform to broaden the reach of IFC’s $1 billion Global Trade Supplier Finance (GTSF) Program, which helps buyers extend affordable short-term working capital to their emerging market supplier networks. GTSF helps buyers spark positive change in their supply chains by offering financial discounts to suppliers…

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JK Tyre ties up with IFC for India’s First Tyre Industry Sustainability-Linked Loan

Stuart Mitchell

International Finance Corporation (IFC) has sanctioned a $100 million Sustainability-Linked Loan (SLL) to JK Tyre, a leading Indian tyre manufacturer with a global presence. The funding includes $30 million to JK Tyre & Industries Limited and up to $70 million for Cavendish Industries Limited (CIL), a subsidiary of JK Tyre. JK Tyre is a flagship company of JK Organisation, a global conglomerate. The funding will support the expansion of tyre manufacturing capacity, focusing on Passenger Car Radial (PCR) tyres at JK Tyre’s Banmore plant in Madhya Pradesh and Truck and…

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IFC Issues Record $2 Billion Social Bond to Support Low Income Communities in Emerging Markets

Stuart Mitchell

IFC, a member of the World Bank Group, issued a three-year social bond, raising $2.0 billion to support low-income communities in emerging markets. The transaction represents IFC’s largest ever social bond, and the largest US dollar denominated social bond issued by a supranational. The orderbook reached a total size of $11 billion, IFC’s largest ever order book for a single bond issuance. It follows a 1 billion Australian dollar denominated social bond issued by the corporation last week.   Announced on Monday, the orderbook grew steadily during the marketing process…

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