IFC and COVID-19 (Coronavirus)
IFC is providing $8 billion in fast-track financial support to existing clients to help sustain economies and preserve jobs during this global crisis, which will likely hit the poorest and most vulnerable countries the hardest. Our response consists of four financing facilities. Here is a list of IFC COVID response projects.
Financing Facilities
Supporting Critical Industries
The Real Sector Crisis Response Facility will provide $2 billion to support existing clients in the infrastructure, manufacturing, agriculture and services industries vulnerable to the pandemic. IFC will offer loans to companies in need, and if necessary, make equity investments. This instrument will also help companies in the healthcare sector that are seeing an increase in demand.
Keeping Trade
Flowing
The Global Trade Finance Program will provide $2 billion to cover the payment risks of financial institutions so they can provide trade financing to companies that import and export goods. IFC expects this will support small and medium-sized enterprises involved in global supply chains.
Helping Clients
Pay Their Bills
The Working Capital Solutions Program will provide $2 billion in funding to emerging-market banks to extend credit to help businesses shore up their working capital, the pool of funds that firms use to pay their bills and employees’ salaries.
Shoring Up Local
Banks
The Global Trade Liquidity Program, and the Critical Commodities Finance Program, will together provide $2 billion in funding and risk-sharing support to local banks so they can continue to finance companies in emerging markets.
Media
Oct 27, 2020
World Bank Group invests in a start-up tackling the $2.5 trillion food waste problem
Oct 1, 2020
'A complete mental shift': How Le Houérou changed IFC
Jul 29, 2020
World Bank's IFC to launch $4 bln medical supply financing platform
May 12, 2020
Social bonds: Japan leads from the front
Apr 24, 2020
CGD Conversations on COVID-19 and Development: Philippe Le Houérou
Blogs & Op-Eds
Oct 22, 2020
Africa needs digital skills across the economy - not just the tech sector
Sep 28, 2020
Unlocking Africa’s digital future
Sep 21, 2020
Blog: How a mandate for impact in emerging markets helped the IFC outperform the S&P 500
Aug 13, 2020
Op-Ed: Priorities for Saving the Private Sector
Jul 27, 2020
4 key trends on how COVID has impacted women in business
