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Brac Bank to get $30m IFC loan | The Daily Star


SUPPORTING COVID-HIT BUSINESSES
Star Business Report
Star Business Report
International Finance Corporation (IFC), a member of World Bank Group, is set to provide Brac Bank a $30 million loan to come to the aid of small and medium enterprises (SMEs) and larger companies hit hard by the impacts of the Covid-19.
The investment will help to keep businesses open and preserve jobs, which is critical to sustaining the Bangladeshi economy, said the IFC, which is the largest global development institution focused on the private sector in emerging markets, in a statement.
With the financing, Brac Bank is expected to extend loans to its SME and corporate customers, supporting businesses that were now coping with a new wave of Covid-19 in Bangladesh.  ....

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IFC's $25Mn investment in NTB to help businesses continue operations amid COVID-19 – Lanka Business Online


Priyantha Talwatte, Director/ Chief Executive Officer, NTB
In an effort to provide improved access to critical working capital for Sri Lankan businesses impacted by the COVID-19 pandemic and to help preserve jobs, IFC, a member of the World Bank Group, is providing a $25 million loan to Nations Trust Bank (NTB).
The financing package, which will be used by NTB to help small and medium sized enterprises (SMEs) and corporates, is part of IFC’s $8 billion global COVID-19 fast-track financing facility, supporting companies to stay afloat during the ongoing public health crisis. This investment comes under the Working Capital Solutions (WCS) program of the COVID-19 response envelope, which provides $2 billion globally to emerging-market banks, enabling them to keep operating and preserve jobs. ....

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Produbanco to get $50mn loans from World Bank's IFC for economic recovery in Ecuador


Produbanco to get $50mn loans from World Bank’s IFC for economic recovery in Ecuador
The loan will allow the bank to extend new credit to companies and vulnerable segments of the population whose cash flows have been disrupted by the COVID-19 pandemic.World Bank | Quito | Updated: 10-12-2020 16:48 IST | Created: 10-12-2020 16:48 IST
Representative Image Image Credit: Flickr
IFC, a member of the World Bank Group, has provided a senior loan of $50 million to Banco de la Producción S.A. Produbanco, a large local bank member of Promerica Financial Corporation, one of Central America´s largest financial conglomerates. ....

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