With the aim of facilitating growth and job creation in Africa, the International Finance Corporation (IFC), a member of the World Bank Group, today announced a $60 million investment in a regional risk-sharing facility.
The African Development Bank (AfDB) is to provide $20 million to boost lending to small and medium-sized enterprises in Liberia, the Bank said after approving the funding on Wednesday.
The International Finance Corporation (IFC) and Small and Micro Enterprises (SME) Finance Forum propose a solution that will solve Sub-Saharan Africa’s small and medium enterprises (SMEs) $331 billion gap.
