"Under the scheme, Britain will join the International Finance Corporation (IFC) – the arm of the World Bank that promotes private-sector investment – in creating a new package of support for banks in fragile and conflict-affected countries."
Lars Thunnell, chief executive officer of the IFC, said: "Small and medium enterprises are a vital engine of job creation in developing countries. Yet they face a huge financing gap – especially in Africa, where SMEs need three times more funding than is currently available. This facility will help narrow the gap, creating opportunity for entrepreneurs who need it most."
"The first 15 countries to benefit from the facility will be South Sudan, Malawi, Ghana, Sierra Leone, Liberia, Uganda, Democratic Republic of the Congo (DRC), Tanzania, Mozambique, Kenya, Nigeria, Bangladesh, India, Nepal and Pakistan." Source
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