"We have one overriding priority in
The IFC saw its lending in the region jump 26% in the last fiscal year while it continued to focus on financing innovative climate-friendly projects and helping increase financial inclusion in the region, especially for SMEs, many of them women-owned, which continue to face hurdles to obtain loans to grow their operations.
A few examples of the IFC lending include the financing of a wind farm in
"We have stepped up our efforts in the last 12 months to help the private sector in
MIGA's guarantees also increased 11% from 2018. MIGA is the largest multilateral political risk insurance provider, with a mandate of creating development impact by helping drive foreign direct investment to developing countries. An example of MIGA involvement in the region is the Vientos Los Hercules wind farm in
"Preparing the region to better adapt to climate change and helping the financial sector expand credit are priority areas for MIGA," said MIGA Vice President and Chief Operating Officer
Lending from the
The strong results of the last fiscal year are testimony to the