Gender-focused and climate finance solutions are at the top of IFC’s private sector development priorities.
IFC's Banking on Women Program
IFC’s Banking on Women Business Achieves a $4 Billion Milestone
IFC’s Banking on Women business has helped catalyze sustainable financial services for women and women-owned SMEs in emerging markets globally including through the landmark Women Entrepreneurs Bond with Bank of Ayudhya in Thailand; through advisory services collaboration with partners such as Ghazanfar Bank in Afghanistan and Stanbic Bank in Kenya; and through investing in partners in Brazil such as Banco Santander, Itau Unibanco, and Banco Daycoval.
Gender-focused and climate finance solutions are at the top of IFC’s private sector development priorities. This year, IFC focused on abating the negative impacts of COVID-19 for companies, communities, and countries through initiatives like the WCS COVID-19 Facility, the BOW-Global Trade Finance Initiative, and the Base of the Pyramid Facility. Next year, IFC will continue expanding gender-lens approaches into its business areas, including MSME finance, climate finance, fintech and digital finance, housing and asset finance, insurance, trade finance, and capital markets through Gender Bond instruments.
The impact of IFC clients in 2020:
668 K women collectively employed
45% of IFC's nominations for board positions were women
658 K SME loans made to women-owned enterprises
$15.6 B in SME loans to women-owned enterprises