Monrovia – To support local manufacturing and infrastructure development in Liberia, the International Finance Corporation IFC has announced a partnership with Fouta Cement Corporation (Fouta Cement), Liberia's second-largest cement supplier, to help
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.