SME Finance Forum (IFC-600795)

Countries
  • United States of America
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 13, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 19.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 19.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 19.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 11, 2018

Disclosed by Bank May 18, 2017


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Project Description
According to IFC website, the SME Finance Forum was created by the G20 and managed by IFC, promotes knowledge sharing, good practice and networking in SME finance. Initially funded by some of the G20 countries and the Netherlands, the SME Finance Forum will be sustained as a membership association of financial institutions, fintech companies and development banks. Further, the SME Finance Forum will become a global network of financial institutions that are committed to and will better serve the SMEs in emerging markets. The said forum aims to promote the sharing and adoption of knowledge and good practices in SME finance among its members through virtual and face-to-face knowledge events and networking events. By the end of the two-year project life cycle, the Forum expects to have at least 110 members and receive a total membership dues of at least $2 million which will then be used to provide more services to the members.
People Affected By This Project
The SME Finance Forum will become a global network of financial institutions that are committed to and will better serve the SMEs in emerging markets. The Forum aims to promote the sharing and adoption of knowledge and good practices in SME finance among its members through virtual and face-to-face knowledge events and networking events. By the end of the two-year project life cycle, the Forum expects to have at least 110 members and receive a total membership dues of at least $2 million which will then be used to provide more services to the members.
Investment Description
Estimated Total Budget: $19,634,638.00

Contact Information
No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/