IFC - International Finance Corporation’s Post

JUST RELEASED: IFC delivered record-breaking impact in Fiscal Year 2024—showcasing our transformation as an institution and our unique ability to mobilize the private sector as a force for good on an unprecedented scale. We are laser-focused on our priorities – scaling climate solutions, accelerating gender equality, bolstering food security, pioneering digital innovations, and mobilizing billions in new capital. With a historic commitment of $55.8B, an exceptional year-on-year increase, our investments in FY24 speak volumes on The World Bank Group’s commitment to end poverty on a livable planet.

Steel is essential for construction and infrastructure, but it is also a major contributor to greenhouse gas emissions. That is why IFC is investing $60 million in Indonesia's largest private steel manufacturer PT Gunung Raja Paksi Tbk to support its shift to lower-carbon production. This partnership aims to drive sustainable practices and sector-wide decarbonization in one of Asia's key industrial nations. Discover how this will help unlock green steel markets, reduce emissions, and Indonesia's transition to a greener future: http://wrld.bg/BUEl50ThCOo via Reuters #ClimateAction #ClimateFinance David Stanway IFC Climate & Sustainability IFC Asia Pacific

#MSMEs are the engines of growth in emerging markets. MSMEs can transform economies, foster job creation, and promote equitable economic growth if given adequate support. MSMEs account for: ● 90% of all businesses worldwide ● More than 40% of GDP in emerging economies ● 2/3 of all jobs worldwide However, more than 40% of MSMEs in developing countries have unmet financing needs – totaling more than $5.7 trillion. To bridge this gap, we need to leverage innovative financial instruments and digital technologies such as Fintech, mobile banking, digital IDs and emerging #AI solutions that make it easier for MSMEs to access credit and manage their finances, boosting access to finance for all. Join the Global SME Finance Forum in São Paulo, Brazil, 16 – 18 September and be part of shaping the future of #SMEFinance. Learn more and register here: http://wrld.bg/fpwq50Teu2Y #Brazil #SaoPaulo #SMEfinance #innovation #GlobalImpact #AI #SustainableFinance SME Finance Forum, Managed by the IFC (International Finance Corporation) Ministério do Empreendedorismo, da ME e da EPP G20 Brasil 2024 BNDES Inter-American Development Bank IDB Invest IDB Lab Elevandi IFC Financial Institutions Qamar Saleem

In the Philippines, entrepreneurs often struggle to obtain finance to start or grow their small businesses. CARD Bank, one of the country’s largest microfinance institutions, is working to improve the process and make it easier for small business owners like Victoria and Dolores, two women whose businesses have thrived thanks to loans they received from the bank. Read their stories and learn more about how IFC is helping CARD Bank modernize its system and serve more people around the country: http://wrld.bg/rZQb50TekYb

Getting oceans back to blue requires tackling pollution at the source. IFC’s blue investments in manufacturing in the last fiscal year helped increase the volume of plastics collected and recycled by 270,000 tons per year. Learn more about the impact of this in preserving and increasing clean water resources, restoring biodiversity, and regenerating ocean health: http://wrld.bg/mZI950Sr7fW #IFCimpact

#MSMEs play a crucial role in the Philippine economy, making up 99.5% of firms in the country, contributing about 40% of GDP and employing 65% of the labor force. However, access to finance remains a major challenge for entrepreneurs. CARD SME Bank, one of the largest microfinance institutions in the Philippines, has helped serve more than 1.4 million clients, of which 90% are women. Thanks to advisory support from IFC, CARD bank has been able to modernize its system and grow its footprint, increasing lending to MSMEs and helping more business owners access the finance they need to grow. Read more here: http://wrld.bg/cSfe50T8T7M