The International Finance Corporation (IFC) could lend USD 260 mn to state-owned Banque Misr for on-lending to local MSMEs and women-owned SMEs, according to the lender’s website. The IFC will fund USD 216.7 mn of the five-year loan, while the rest will come from its co-lending program. The lender will sign off on the loan on 30 June.

More than just funding: The IFC will also provide support with the development and implementation of an Environmental and Social Management System to help it manage ESG-related risks.

REMEMBER- The bank is getting a USD 100 mn facility from the European Bank for Reconstruction and Development for on-lending to local MSMEs. The EBRD is expected to sign off on the facility on Wednesday.

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