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IFC funds Asia-Pacific companies $554 million on road to recovery from Covid-19

Thousands of micro, small, and medium enterprises, and millions of farmers across Asia and the Pacific stand to benefit from the first phase of Covid-19 crisis response funding from IFC, a member of the World Bank Group.

IFC lends $140 million to VPBank and OCB to boost finance for local businesses

The aim of the additional financing is to help local businesses with disrupted cash flows sustain operations and maintain jobs.

IFC provides VPBank $212 million to boost climate financing

This is IFC’s first green loan to a bank in Vietnam.

ADB provides $300 million loan to BIDV to support local small and medium sized enterprises

This is the largest commercial loan that the Asian Development Bank has provided to an Asian commercial bank so far.

Several enterprises face tax arrears and risks of devaluation during IPO due to maintaining two accounting systems

Two accounting systems results in a lack of transparency and it is also the shortest path leading to the devaluation of firm during future mergers and acquisitions (M&A) or initial public offering (IPO).

The billion-dollar financial market for women-owned enterprised is still forgotten

Rubin Japhta, Senior Operations Officer on Banking on Women/ SME (Small and Medium Enterprise) Banking of International Finance Corporation (IFC) sai that the financing gap is estimated at US$1.19 billion for women-owned SMEs.

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