Independent report

International Finance Corporation (IFC) Global small and medium-sized enterprises (SME) Finance Initiative: Mid-term review

The Initiative was created to increase access to finance for small and medium-sized enterprises (SMEs), and subsequently create new employment opportunities in some of the world’s most challenging economies.

• From: Department for International Development
• Published: 21 January 2016
• Last updated: 15 April 2016 — See all updates

Documents

IFC Global SME Finance Initiative: Midterm Review

PDF, 1.49 MB, 60 pages

DFID management response to the Global SME Finance Initiative Mid-term review

PDF, 227 KB, 3 pages

Details

The Initiative employs 3 instruments:

• advisory services to partner financial institutions (PFIs)
• advisory services to strengthen financial infrastructure
• blended finance investments, combining commercial investment capital with risk mitigation instruments that aim to unlock investment that would not otherwise occur

DFID seeded the Initiative with $64 million in concessional investment capital which is being used reduce the rates on IFCs investment services (IS), $29.4 million in funding to support advisory services (AS) projects aimed at supporting PFIs, and $13.6 million in funding for developing financial infrastructure in DFID target countries.

Published 21 January 2016

Last updated 15 April 2016 + show all updates

1. 15 April 2016

   DFID management response to the Global SME Finance Initiative Mid-term review added

2. 21 January 2016

   First published.