Increasing Digital Connectivity

IFC is helping to accelerate the adoption of digital technology.
Dominic Chavez, IFC

Despite recent progress, many regional countries still grapple with slow internet speeds, a lack of capital for technology investments, and a shortage of talented tech workers. IFC helps accelerate the adoption of digital solutions that can pave the way for new economic opportunities and bring about prosperity.

Key Projects:

• In the Kyrgyz Republic, we provided a loan to ElCat, the nation's largest private wholesale broadband operator, to expand high-speed fiber optic internet services in underserved areas.
• Across the region, we supported the digital transformation of financial institutions by launching the DigiLab Finance program, including in Central Asia and the Middle East.
• In Türkiye, we helped funnel financing to up-and-coming tech companies through our investment in funds, including Revo Capital Fund II. One of Revo’s  investee companies is TransferGo, a digital money transfer platform that caters to workers who do not have bank accounts.
• In Jordan, we invested in accelerator Flat6Labs which aims to support more than 90 Jordanian startups over the next five years.