IFC Financial Institutions

Local currency financing is essential for businesses in emerging economies to thrive. When companies borrow in local currency, they can protect themselves from the volatility of international exchange rates, allowing them to focus on their core business activities rather than worrying about fluctuating currency values and the impact that has on their debt obligations. This type of financing is not just about mitigating risk; it's about enabling sustainable growth and economic resilience. Watch IFC Explained with Abdoul Maïga to learn more about why local currency financing is crucial. #IFCExplained #LocalCurrency #SustainableFinance

🌍🤝 Trade Day in #TrinidadAndTobago: IFC brought together senior banking executives to discuss #GlobalTrade, IFC’s trade finance solutions, supply chain management, and how to counter trade-based money laundering towards an enhanced correspondent banking network. This event provided valuable insights into how IFC can support local trade finance needs, while also allowing participants to voice their market challenges and opportunities. We also benefited from virtual connections with IFC’s investment and trade teams dedicated to the Caribbean. Special thanks to the BNY for their virtual involvement, which greatly enhanced our discussions. With a gorgeous thank you to everyone that participated! #Trade #TradeFinance #GlobalFinance #GTFP #Caribbean Susanne Kavelaar, Zeynep Ersel Goker, Manuel Blanco, Karla Lopez Flores, Sinan Onat, Claudia Gutierrez Delgado, Gizem Ayaz, Mark Rozanski, Ronke-Amoni Ogunsulire, Sekou A. Mark, Veynu Siewrattan, Subira A. T.

Catalyzing private sector financing for climate resilience and gender inclusion is key to addressing #Bulgaria’s most pressing challenges. IFC - International Finance Corporation is investing in Postbank (Eurobank Bulgaria AD) to: 📈Boost financing for smaller enterprises 🌍Support climate-related projects 👩💼Finance women-owned businesses to promote gender equality Through this collaboration, we are supporting Bulgaria’s transition to a sustainable economy, empowering women entrepreneurs, and promoting long-term climate resilience. Together, we’re building a financial ecosystem that fosters inclusive growth and strengthens the country’s ability to meet future challenges: wrld.bg/FWPz50TSn2B #BankingOnWomen IFC Europe

It was an honor for IFC - International Finance Corporation to cohost, along with World Trade Organization, #MDB heads for a high-level discussion on Boosting Supply Chain Finance on the sidelines of the 2024 The World Bank Group Annual Meetings. There was strong agreement on the need to increase supply chain finance in developing economies, with a strong focus on small and medium-sized enterprises. While supply chain finance is one of the fastest growing segments of trade finance, worth an estimated $2.3 trillion, most #SMEs in developing countries are left on the sidelines. For them, accessing supply chain finance from local banks is a significant challenge for many reasons, including weak legal frameworks, inadequate technological infrastructure, and prohibitively high costs. This exclusion limits their ability to grow and thrive, and prevents these firms, and their countries, from reaping the benefits of global trade. Following this high-level discussion, I am optimistic that we will see increased collaboration among MDBs, governments, and financial institutions to unlock the full potential of supply chain finance to promote trade and financial inclusion in developing economies. Asian Development Bank (ADB) African Export-Import Bank (Afreximbank) EBRD IDB Invest International Islamic Trade Finance Corporation (ITFC) #supplychainfinance

Access to financial services is a powerful tool for job creation and poverty reduction. IFC - International Finance Corporation is #AcceleratingImpact by expanding financial inclusion through innovative partnerships and digital solutions. In FY24, our work helped 152 million people access vital financial services, fostering inclusive growth and economic resilience in developing economies. Learn more here: http://wrld.bg/Qtgc50TTg32

Access to financial services can be a game-changer for women in Africa. It provides them with the tools to start businesses, invest in education, and uplift themselves and their communities. Yet, women face greater barriers than men when accessing financial services. By prioritizing women's financial inclusion, we aren’t just promoting equality—we're fostering economic growth. Today, IFC - International Finance Corporation, Mastercard for Government, and NMB Bank Plc are launching a partnership to strengthen financial inclusion in #Tanzania and accelerate access to essential financial and non-financial services for women across the country. This partnership builds on the success of NMB Bank’s pioneering gender bond—the first in sub-Saharan Africa—as well as IFC’s and Mastercard’s broader efforts to close the financial gender gap in emerging markets. #BankingonWomen #IFCGender #FinancialInclusion #AccelerateEquality Nicola Villa, Sergio Pimenta, Juma Kimori, Ruth Zaipuna Mary Porter Peschka, Martine Valcin, Laila Nordine, Jessica Schnabel, Dr. Colin Daley, DBA, OLY, Paula Leynes Felipe, Jes Chonzi, Aliou Maiga, Nivanne Mortagy, Devon Maylie, Patricia Mwangi, Olayemi Idris-Animashaun, Stella Masinde, Elsie Wachira-Kaguru, Stephanie Vak-Stephens, Beatrice Mwambije, Elena Renjel, Fredrica Mayer, Mastercard, IFC Africa

🔴 LIVE NOW | How can we boost women's economic opportunities? Join ministers Anneliese Dodds, Sandra Ablamba JOHNSON, PhD, Adebayo Olawale Edun of Nigeria and The World Bank president Ajay Banga at the #WBGMeetings for the insightful discussion: http://wrld.bg/q4Bl50TOFZy

I recently had the pleasure of spending some time with IFC - International Finance Corporation’s trade finance operations team in #Istanbul. This small but mighty team processes all the transactions for IFC’s flagship Global Trade Finance Program (GTFP).   GTFP extends and complements the capacity of confirming banks to deliver trade financing by providing risk mitigation in new or challenging markets where trade lines are constrained. And it enables local financial institutions in emerging markets to broaden their access to finance and reduce cash collateral requirements by partnering with major international banks.    Our operations team is the cornerstone of GTFP. They are what makes our program stand out. Whether it’s $5k or $1 million, they review and validate each and every transaction. In addition to processing new issuances, they monitor exposures and allocations, processes amendments and cancellations, and handle all GTFP reporting.   I am grateful for the countless hours, dedication, and passion that these colleagues bring to the table every day. Last fiscal year, GTFP’s commitment volume was $9.8 billion. We would not have achieved such success without them!   https://lnkd.in/eDweDNzd   Hande Berdan Ceren Inalcık Güler Çınar Özge Etcan Murat Ayik #tradefinance

Closing the digital gender gap can unlock new opportunities for women. Join us live at the #WBGMeetings on Oct 24 for a discussion on how to #AccelerateEquality. Ask our experts your questions ahead—they will respond live! http://wrld.bg/y7y050TFOyK #BankingOnWomen

How is supply chain finance shaping the future of African trade? Check out this article from Finverity ➡