Gender-focused and climate finance solutions are at the top of IFC’s private sector development priorities.
IFC's Banking on Women Program
IFC’s Banking on Women Business Achieves a $4 Billion Milestone
IFC’s Banking on Women business has helped catalyze sustainable financial services for women and women-owned SMEs in emerging markets globally including through the landmark Women Entrepreneurs Bond with Bank of Ayudhya in Thailand; through advisory services collaboration with partners such as Ghazanfar Bank in Afghanistan and Stanbic Bank in Kenya; and through investing in partners in Brazil such as Banco Santander, Itau Unibanco, and Banco Daycoval.
Gender-focused and climate finance solutions are at the top of IFC’s private sector development priorities. This year, IFC focused on abating the negative impacts of COVID-19 for companies, communities, and countries through initiatives like the WCS COVID-19 Facility, the BOW-Global Trade Finance Initiative, and the Base of the Pyramid Facility. Next year, IFC will continue expanding gender-lens approaches into its business areas, including MSME finance, climate finance, fintech and digital finance, housing and asset finance, insurance, trade finance, and capital markets through Gender Bond instruments.
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The Impact of IFC’s Financial Institution Clients in 2023:
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823 thousand Women employed by IFC’s FI clients
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22% Of the board members in IFC’s FI clients were women
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33.4 million MSME loans made to women-owned enterprises
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$58.9 billion Outstanding MSME loans to women-owned enterprises