The International Finance Corporation (IFC) has announced a major new partnership with Access Bank (Sierra Leone) Ltd (ABSL) to expand access to finance for small and medium-sized enterprises (SMEs) , with a strong focus on supporting women-owned and women-led businesses . The initiative is designed to help close Sierra Leone’s persistent financing gaps, promote inclusive economic development, and strengthen private sector growth.

$10 Million Risk-Sharing Facility to Unlock $20 Million in SME Loans

As part of the agreement, IFC will provide ABSL with an unfunded risk-sharing facility of up to $10 million in local currency equivalent, backed by Sierra Leonean Leones. This facility is expected to support up to $20 million equivalent in new SME loans , providing much-needed fina

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