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The World Bank Group's private-sector arm, the International Finance Corporation (IFC), and Standard Chartered announced a new risk-sharing facility.
IFC and Standard Chartered launched a $300 million risk-sharing facility for African supply chains.
KEY POINTS
- The facility targets eight African countries and key sectors like agriculture, healthcare, and manufacturing.
- IFC will provide guarantees of up to $150 million in both U.S. dollars and select local currencies.
- The partnership aims to facilitate $1.9 billion in transactions and support over 500 suppliers in three years.
COMPANIES
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