IFC aids Bangladesh trade finance market with $50m loan


The International Finance Corporation (IFC) is providing US $50m loan to Brac Bank in order to support small and medium-sized enterprises (SMEs) to emerge from the lingering effects of the Covid-19 pandemic.

This investment will contribute to the preservation of jobs and bring foreign exchange liquidity into Brac Bank to help support the working capital and trade finance requirements of the bank's SME importer- and exporter- clients, according to a press release.


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Posted on Jun 30, 2023
Region: Bangladesh
SME finance
trade finance, working capital finance, Brac Bank