La International Finance Corporation (IFC) announced a risk-sharing mechanism (RSF) for a total amount of up to reach 40 million dollars equivalent in West African CFA francs with Bridge Bank Group Côte d'Ivoire (BBGCI

The BBGCI and IFC aim to improve access to finance for small businesses in Côte d'Ivoire and Senegal, especially those owned and run by women. Indeed, IFC will guarantee 50% of a portfolio of eligible short-term loans granted by BBGCI to small and medium-sized enterprises (SMEs) in Côte d'Ivoire and Senegal. The IFC will provide advisory services to help BBGCI optimize the use of RSF, which will enable the bank to provide around 2,100 additional loans to SMEs by 2028, providing these businesses with key ways to grow and create more jobs. According to Claude Owona, IFC Financial Institutions Manager for West Africa, “helping small businesses access finance is one of the best ways to help them grow and create jobs. It is a central part of IFC's strategy to support development in Africa.”

A l' en croire, IFC for West Africa. “IFC's investment will help BBGCI double its SME portfolio by 2028, helping small businesses in Côte d'Ivoire and Senegal access the financing they need while strengthening our long-standing partnership