Washington, DC, February 12, 2025 – To help improve the sustainability of global supply chains, the International Finance Corporation (IFC), a member of the World Bank Group, today announced a new partnership with CRX Markets, one of Europe’s largest working capital finance platforms.
The partnership will draw on CRX Markets’ robust platform to broaden the reach of IFC’s $1 billion Global Trade Supplier Finance (GTSF) Program, which helps buyers extend affordable short-term working capital to their emerging market supplier networks.
GTSF helps buyers spark positive change in their supply chains by offering financial discounts to suppliers when they meet a client’s sustainability goals, including improvements to environmental and social compliance, workplace equity, and decarbonization.
“Innovative financial solutions are a crucial part of IFC’s work in promoting sustainable economic development,” said Femi Akinrebiyo, IFC’s Global Manager for Manufacturing Investment & Trade Supplier Finance. “Partnering with CRX Markets allows us to enhance our impact by reaching more suppliers, and accelerate the transition to a more equitable, sustainable global economy.”
CRX Markets works with some of Europe’s largest brands, providing working capital finance to the emerging market supplier networks crucial to their operations.
“The integration of IFC into the CRX Markets ecosystem marks a significant milestone for both organizations. This partnership will enhance financing opportunities for a broader range of suppliers, including those from emerging markets, fostering growth and innovation across the supply chain.” said Michael Germann, Chief Commercial Officer and Board Member of CRX Markets. “Together, we will unlock new opportunities for our clients and their suppliers, driving sustainability and inclusivity in global trade. We are proud to collaborate with IFC to deliver innovative solutions that align financial performance with ESG objectives.”
A versatile platform for offering affordable working capital and sustainability-linked discounts, IFC’s GTSF program works with buyers and suppliers in industries that include garment manufacturing, agribusiness, automotives, and electronics.
In 2024, it disbursed over $2.15 billion to over 350 suppliers, with over 60 percent of its disbursements in sustainability-linked facilities.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
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About CRX Markets
CRX Markets is a leading independent marketplace for working capital finance with global reach. By financing both receivables and payables, our customers can optimize their working capital and cash flow. Across all our products, they can access a deep and diversified liquidity pool of banks and non-bank funders. Our focus is on working capital financing for mid- to large-sized companies operating on a global scale. The CRX Markets platform currently manages a monthly financing volume of more than EUR 2 billion in more than 60 countries and achieved another record year in 2024. CRX Markets is headquartered in Munich, Germany.
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