The IFC is mobilizing finance to the long overlooked private
sector second tier in Latin America and the Caribbean. It has
ramped up lending and equity commitments and hopes to
accelerate this effort in the more impoverished
The private arm of the World Bank is also lending more in local
currency, pushing the development of onshore capital markets
and cultivating relationships with second tier companies and
banks. It hopes to build on its important technical assistance
programs in the region's poorer countries, such as Haiti and
Nicaragua, to lend and invest more in the private sector.
The IFC's mission to serve the private sector has accelerated
at a time when credit is becoming increasingly available in
LatAm and the Caribbean amid broader macroeconomic stability.
"We realized two years ago that we needed to be shifting into
the second tier and mid-sized segments very quickly," says Atul
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