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IFC - International Finance Corporation
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Seventy percent of women-owned businesses globally do not have access to financial products and services, such as savings accounts and loans. On Saturday at the Global Entrepreneurship Summit in #Kenya, President Barack #Obama announced that the Overseas Private Investment Corporation (OPIC) plans to join Goldman Sachs and IFC in the first-ever global finance facility dedicated to women-owned SMEs with a proposed $100 million commitment to help finance new projects.
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The #coffee rust fungus, also known as “La Roya," is destroying ‪coffee farms across Central America. How is this affecting farmers? What are the ways large global coffee buyers are adapting to changes in their supply chains? The World Bank's Pabsy Pabalan speaks to Craig Russell, ‪‎Starbucks'‬ Executive Vice President for Global Coffee, and Amy Obregon, a Nicaraguan coffee farmer.
World Bank
Saving Coffee: Combating Coffee Rust in Central America by World Bank
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‪Bangladesh‬’s ready-made ‪garment‬ industry employs more than 4 million people—mostly women—in about 4,500 factories. IFC announced on Tuesday a wide-ranging program to make Bangladesh’s garment industry safer for workers, providing $50 million to local banks and forming partnerships with leading international buyers. http://wrld.bg/Pl8JU
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Jingdong Hua, IFC Vice President and Treasurer, told participants at the Milken Institute​Global Conference that the time is right for investors to consider opportunities in Africa, thanks to a decade of economic growth, dramatic reductions in armed conflict, and stronger policy frameworks: http://wrld.bg/MlzK1
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Ziway boasts a modern hospital—the only one in a 100-kilometer radius—a school, and a top-notch football stadium.

The builder of these facilities and linchpin of Ziway is IFC’s client Afriflora. Learn how more than 100,000 people receive indirect benefits from this company: http://wrld.bg/LZcJq
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Did you know that one billion people lack access to financial services? When businesses and people have more access to finance, everyone benefits.

What the private sector, governments, and multilaterals must do to achieve universal access to finance by 2020: http://wrld.bg/LZgX0
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Ten years ago, the village of Ziway in Ethiopia was little more than a fuel stop on the long road to Kenya. Today, it is a destination itself.

Ethiopia’s largest rose producer and exporter, Afriflora, employs 11,000 people in Ziway, 80 percent of whom are women. Learn how more than 100,000 people receive indirect benefits from the company, such as access to a school for 4,500 students and a better water supply: http://wrld.bg/LZcJq
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Have them in circles
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Professor Muhammad Yunus has long envisioned a world free from #‪‎poverty‬ . He has worked to deliver opportunities for #‎entrepreneurship‬ to all, beginning with small loans for the very poor through the founding of Grameen Bank in #Bangladesh‬ . Don't miss him speak on the power of social business and #Microfinance‬   to end poverty on July 24 at 12:30PM ET
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IFC has set an annual goal of investing 20 percent of its long-term portfolio in climate-related initiatives such as renewable power, resource efficiency, green buildings and clean technology. “I’m pleased to inform that we will exceed that 20 percent target this year," said Christian Grossmann, director for #climate change at IFC.
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IFC is investing $25 million in Alcazar Energy to help develop a series of renewable ‪#‎energy‬ projects in the Middle East, #Turkey, and #Africa‬ . “By harnessing the region’s considerable renewable potential, we can increase supply of sustainable, clean energy, helping to boost economic growth and alleviate poverty,” says Mouayed Makhlouf, IFC Regional Director for the Middle East and North Africa. http://wrld.bg/PiYqt 
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“The number of casualties rises by the hour. Although my family and I are safe, many of my friends have lost relatives. Many people we know no longer have their houses.” 

A personal account from Nepal: http://wrld.bg/MfDaF 
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Without access to financial services, poor people cannot save, pull themselves out of poverty, be entrepreneurs, invest in their education, manage risk, or absorb financial shocks.

New data point to significant progress in financial inclusion, with 62 percent of the world’s population having a bank account, up from 51 percent in 2011: http://wrld.bg/LZfBa
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Have them in circles
878 people
Vivere la Toscana's profile photo
Grameen Foundation's profile photo
anjelika deogirikar's profile photo
Chan Ki Park's profile photo
Eni Puji Rahayu's profile photo
Ivan Milevskii's profile photo
tchantchou tchabo's profile photo
Ciré kane's profile photo
Joseph M's profile photo
Contact Information
Contact info
Phone
(202) 473-1000
Fax
(202) 974-4384
Address
2121 Pennsylvania Avenue, NW Washington, DC 20433 USA
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Our purpose is to create opportunity for people to escape poverty and improve their lives.
Introduction
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets.

Creating opportunity where it's needed most
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