IFC funds SME loans in Brazil

IFC funds SME loans in Brazil

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The International Finance Corporation (IFC) said Tuesday that it arranged $400 million in financing for small businesses in Brazil and $130 million for affordable mortgages in Mexico. IFC, part of the World Bank Group, led the facility for mid-sized lender Banco Daycoval to increase lending to small and medium-sized enterprises (SMEs) in Brazil, including women-owned businesses and "especially those in more remote regions of Brazil where financing is often scarce," the Washington DC-based lender

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