IFC Treasury & Mobilization

Tier 2 capital plays a key role in transforming the banking sector and strengthening resilience. For Equity Bank Limited in Kenya, IFC - International Finance Corporation’s $50 million tier 2 capital facility meant they could lend 7x more to small businesses, even during economic downturns. Tier 2 is subordinated debt and is a more cost-efficient way to boost lending capacity while maintaining stability. In Kenya, where SMEs drive a significant portion of the country’s employment, this kind of smart capital is transformative. Read how banks can leverage tier 2 capital to help small businesses grow. http://wrld.bg/h3iB50VWovO #MSMEs #SMEs #smallbusiness #financialinclusion #banking #resilientbanking #bankingsector #privatecapital #tier2capital #IFCimpact #kenya

Tier 2 capital isn’t just about regulatory buffers—it’s about catalytic growth. IFC - International Finance Corporation’s $50 million investment in Equity Bank Limited in Kenya has enabled: 💰 A 7x increase in lending to small businesses 🏦 Access to long-term debt (7–10 years) 📈 Support for sustainable farming For small businesses like Tamkal Maize Milling, this means real opportunity to grow, create jobs, and transform communities. In volatile times, tier 2 capital offers more than stability—it powers inclusive progress. Learn more: http://wrld.bg/h3iB50VWovO #MSME #Banking #IFCimpact #SME #PrivateCapital #FinancialInclusion #Kenya Mary Porter Peschka Gillian Rogers Jes Chonzi Gaëlle Bitéghé (EMBA) Enrique Carlos Tizon Juan Jose (JJ) Garcia Kruskaia Sierra-Escalante Kevin Njiraini

Today, IFC - International Finance Corporation and Standard Chartered announced a new local currency financing facility to expand access to local currency for private businesses in emerging markets. The first transaction under this facility is a 9 billion Kenyan shillings (~$70 million) loan from Standard Chartered to IFC, which will be on-lent to support the expansion of digital infrastructure in Kenya. “When businesses borrow in the same currency as their revenues, they can concentrate on growth instead of exchange rate fluctuations,” said John Gandolfo, IFC Vice President and Treasurer. With exchange rate volatility and rising debt pressures, local currency financing is no longer a luxury—it’s a necessity. We look forward to scaling this initiative across more markets globally. Congrats to Standard Chartered and IFC teams on this important milestone. Read more: https://lnkd.in/e3R35W4e Keshav Gaur Martin Habel Anne-Kirstine Moeller Andrew Yew #localcurrency #exchangerate #currencyrisk #emergingmarkets

At the Barclays SSA Conference 2025 in New York, Tom Ceusters, Director of Capital Markets & Investments at IFC - International Finance Corporation, joined a panel on “SSA Risks & Opportunities in 2025” to discuss the critical role of private sector investment in driving sustainable development. He emphasized IFC’s success in expanding its funding program across diverse currencies and engaging U.S. investors to boost capital flows into emerging markets. He also spoke about IFC’s ability to access global capital markets while maintaining the flexibility needed to efficiently raise funds and adapt to evolving market conditions. At the same event, IFC’s Umpai Israngkura Na Ayudhya, Senior Financial Officer, shared insights on short-term funding strategies during the “SSA Funding & the Short End” panel. She highlighted the IFC Discount Note Program, a high-quality US dollar short-term investment tool that has raised ~$10 billion annually since the it's launch in 2009, supporting trade finance in low-income and fragile economies. Umpai also outlined IFC's strategies for raising short-term funding via its Discount Note Program and maintaining strong investor support. A big thanks to Barclays for hosting and to all participants for the valuable discussions! #privatesector #investment #privatecapital #funding Angela Brusas Henry Coyle Richard Van Blerk Tiemo Wesseling Lee Cumbes Louise Bergstrom Jarno Kosonen Ismail Aouden Alexander Schierlinger stewart cutler          

Elena Panomarenko, IFC’s Head of Funding for EMEA, joined a panel at the DZ BANK Capital Markets Conference 2025 to discuss the future of sustainable investing. Elena shared insights on the strong investor response to IFC’s recent social bond issuances under its updated Social Bond Framework. The updated framework expands eligible project categories and enhances transparency and impact. The panel also discussed the need to recalibrate sustainable finance—not a reversal—as markets test the depth of commitment, redefine standards, and reinforce the connection between capital and real-world outcomes. For IFC, it’s a chance to focus on measurable progress and resilient investments in emerging markets. Thank you to DZ BANK AG and Marcus Pratsch for hosting, and to all our peers for a thoughtful and forward-looking discussion. Jenny Bofinger-Schuster Marjan Divjak Torun Reinhammar #capitalmarkets

We continued our funding apace with a 5 billion Hong Kong dollar social bond and 600 million British pound bond last week. The Hong Kong dollar bond marked the first social bond denominated in the currency issued in a public format by a supranational. https://lnkd.in/edAweQCx

IFC - International Finance Corporation has raised $17.6 billion across 19 currencies so far in fiscal year 2025 through a dynamic mix of benchmark bonds, private placements, and innovative thematic bonds. The US dollar remains our largest funding source, but activity in Swiss franc, Sterling and Kangaroo markets also stands out. 🔍 This edition covers: ·      Benchmark bond issuances. ·      Record-breaking social bonds. ·      Local currency issuances across emerging markets. ·      IFC's updated Social Bond Framework. 📰 Read the newsletter here: https://lnkd.in/eqn2W_Ef Tom Ceusters Flora Chao Ayelet Perlstein Obert Limbani Marsha Monteiro Reina Mochiji Laura Stirling Yuri Kuroki Elena Panomarenko Marcin Bill #funding #capitalmarkets #bonds #emergingmarkets

Congratulations to the amazing group of 30 capital markets regulators and financial professionals who graduated as the 12th cohort of the IFC - International Finance Corporation – Milken Institute Capital Markets Program.    It was an honor to deliver remarks at this year’s ceremony—our first graduation hosted at Georgetown University McDonough School of Business.   The 30 scholars—from 20 countries including first-time participants from Peru, the Dominican Republic, Costa Rica, Bhutan, and Gabon—completed a rigorous curriculum and hands-on internships across leading companies in the financial sector. The internship providers include hedge funds, asset managers, private equity firms and financial infrastructure providers, and multilateral development institutions.    Since its inception, this program has trained over 250 mid-career professionals from 61 developing countries with the tools to deepen capital markets and drive sustainable growth.   Learn more about the program: http://www.ifc.org/cmp  Elisabet Urrea Cuena Kateryna Timina Valentine Robert John GandolfoFlora Chao Mike Piwowar Shannon Stroud Carole Biau Sydney Hergan Elie Farhat Imke Simpson Paul Almeida James J. Angel Jasmine Lamb Hala Hawatmeh Jacob Thull Yuri Kuroki Obert Limbani Zauresh Kezheneva Ayelet Perlstein Pia Trivedi

🎓 Congratulations to the 12th cohort of the IFC - International Finance Corporation–Milken Institute Capital Markets Program on your graduation. This group is the first under our new academic partnership with Georgetown University McDonough School of Business. This graduating class had 30 scholars from emerging markets—including nearly 50% women and first-time participants from Peru, the Dominican Republic, Costa Rica, Bhutan, and Gabon. Since 2016, this program has trained over 250 mid-career capital markets regulators and financial professionals from 61 developing countries with the tools to strengthen capital markets and unlock growth in their home countries. To our graduates: your journey has only just begun. You are the future of capital markets, and we are excited to see the impact you will create. Special thanks to our internship providers, academic partners, and the vibrant alumni community that continues to grow stronger each year. After graduating from the program, the participants join a global alumni network that offers continuous learning and networking. The graduating scholars include Carlos Terrones Cevallos, FDP Camila Faria de Castro Chanton Tep, MBA Chinenye Ajachukwu, FCCA, CISA, Cert. IFRS Chika Phiri Daina Maluwa Phiri Daniel Anberbir Kifle Dennis Chilla Dilshod Abduvaliyev Fatima Miana Rodriguez Fatlinda Gashi Francisco Meza Joan Sumbeiywo Jurme Tenzin Keitu Montshioa Khulan Enkhsukh Levina Oppong-Quainoo Naomi Wanyoike Patricia Perez Perez Raphael Giovanini Saikouna Jarju Sampson Kofi Hado Sereyboth CHAMROEUN Mai Tran William Kimenyi @Zeeshan Nawaz Andreas Prana Gerard Philippe Atomo Aubian Fahad Bin Emad and Victoria Y.K Hamaleka. Elisabet Urrea Cuena Kateryna Timina Valentine Robert Tom Ceusters Shannon Stroud Sydney Hergan Carole Biau #capitalmarkets

🌍 On April 24, we hosted the Local Currency Financing Forum at IFC, bringing together over 40 Treasury and Risk professionals from 12 #MDBs. The gathering was a valuable opportunity to connect and exchange ideas on how MDBs can continue to innovate in local currency financing. We were especially pleased to welcome CEB - Council of Europe Development Bank to the forum for the first time, as they play a pivotal role in coordinating the MDB Heads grouping within the #G20 process this year.   At the working level within MDBs’ treasuries, we recognize the importance of providing local currency solutions to clients across #EMDEs. Expanding these solutions involves navigating market and credit risks, making close collaboration with our risk colleagues essential. To that end, the forum included risk experts from various MDBs, who shared valuable perspectives and experiences on expanding local currency financing options for clients.   A heartfelt thank you to all participants for their invaluable insights and feedback. Your contributions are crucial as we continue to shape the future of local currency lending and address the challenges and opportunities ahead. We look forward to our continued collaboration and to the impactful solutions that will emerge from these discussions.   #LocalCurrency #FinanceForum #IFC #TreasuryClientSolutions #Collaboration #RiskManagement Martin Habel Kevin Kime Couro Janus Axel van Nederveen Aude Pacatte Arturo Seco Presencio Amit Jain Takenori Matsuoka Jose Carlos Wong Pia Trivedi Yvette Chique Xiaoting Huang Kobe Grillet, FRM Francisco Ramon Ruiz Garcia Otilia Ciotau, CFA, CAIA Janne Sevanto Elida Almeida Marcelo Agapito Fernandes Zhongxia Jin Liang Li Nana Spio-Garbrah Rui Croca Peter Ciecka Riadh Belhaj