IFC is providing advisory support to Bank Alfalah for scaling up of its Supply Chain Finance Program. IFC will support Bank Alfalah in conducting market sizing to quantifying the SCF opportunity, develop a Go to Market approach and build bank staff capacity for implementation of Supply Chain Finance program.
IFC is working with Bank Alfalah Ltd , 5th largest commercial bank in Pakistan, for capacity building of its Supply Chain Finance.
Supply Chain Finance provides a unique opportunity to SMEs in getting access to financing leveraging the Corporate Anchor financial strength. Banks have typically shied away from SMEs due to the perception of high risk associated with SME lending. Supply Chain Finance Program provides comfort to banks that choose to extend credit to SMEs since the financing is supported by underlying corporate supply chain.
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/