InsightsIndustry TrendsIFC’s New $40 Million Risk-Sharing Facility for African SMEs

IFC’s New $40 Million Risk-Sharing Facility for African SMEs

As part of measures to enhance investments and financing in emerging markets, IFC has launched a $40 million Risk-Sharing Facility with Bridge Bank Group Côte d’Ivoire (BBGCI). This initiative targets SMEs, particularly women-led businesses, in Côte d’Ivoire and Senegal. The facility will guarantee 50% of BBGCI’s SME loans, enabling 2,100 additional loans by 2028. This effort addresses significant financing constraints, fostering economic growth and job creation in the region.

 

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