Through its Access to Finance business line, IFC helps to increase the availability and affordability of financial services, particularly to micro, small, and medium enterprise clients. Our priorities in Africa are to build bank and non-bank financial institutions; develop financial infrastructure; and improve the legal and regulatory framework.
The Access to Finance business line works to support the growth of businesses in Africa through the following ten programs:
Africa Micro, Small and Medium Enterprise (AMSME) Program
The AMSME Program provides support to commercial banks seeking to establish or expand their MSME banking services while maintaining or improving the quality of their portfolio. The program has provided advisory services to and invested almost $140 million in 18 banks in 13 countries in West, Central, and East Africa. A special focus of the program's support is to help banks increase their lending to women-owned businesses and women entrepreneurs.
To watch a video about the AMSME Finance Program click here
Agribusiness Finance Program
Credit Bureau Program
IFC’s Africa Credit Bureau Program provides advisory services to central banks, public and private banks, bankers associations, other lenders and credit providers, and consumers to help build efficient and effective credit information sharing or reporting systems. The program is currently active in Ghana, Mozambique, and Tanzania.
To read a feature story about the program, click here
Ghana Collateral Registries Program
Global Index Insurance Facility (GIIF) Program
The GIIF Program is helping expand access to weather insurance for farmers and livestock herders, who often struggle to obtain coverage for their crops or animals. Backed by the European Union and Netherlands, the facility will work in a number of emerging markets, with an initial focus on Sub-Saharan Africa.
To read a feature story on GIIF, click here
Housing Finance Program
Launched in 2008, the IFC Africa Leasing Facility is a five-year, multi-country advisory services program aimed at introducing leasing as an innovative financial instrument across Sub-Saharan Africa. The facility’s goal is to increase access to finance for micro, small and medium enterprises (SMEs) in a number of important sectors, including agriculture, transportation, construction, and manufacturing.
To read more about the Leasing Facility, click here
IFC’s Microfinance Program for Africa aims to increase the number of commercially viable microfinance institutions and broaden access to financial services so that the region’s smallest businesses can access the financial services they need to thrive.
Securities Markets Program
The Efficient Securities Market Institutional Development (ESMID) Program – a joint project by the Swedish International Development Agency (SIDA), IFC, and the World Bank -- is helping develop well-functioning securities markets in Africa to supporting key economic and social development needs with high developmental impact, such as infrastructure, housing, and microfinance. ESMID works with a number of stakeholders in East Africa -- including central banks, securities regulators, stock exchanges, market participants, and institutional investors -- to simplify regulations and procedures for issuing and trading bonds, strengthen market infrastructure, build capacity of market participants, facilitate the regionalization of securities markets, and support demonstration transactions.
Trade Finance Program
IFC’s Global Trade Finance Program promotes trade flows between emerging markets to increase developing countries’ share of global trade, and support the flow of goods and services between these countries. The advisory program provides banks and other financial institutions with training and support to upgrade their skills in structuring basic and complex trade finance transactions, improve their techniques for mitigating trade finance risk, upgrade the operational and technical skills of their trade finance back offices, and transfer current international best practices in trade finance to local markets.