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Capital Markets

Coronavirus: IFC fires out $8 billion fast-track financing – for starters

The IFC’s Africa and Middle East head, Sérgio Pimenta, tells Euromoney that a fast response and private-sector support are essential in the battle against Covid-19.

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On the frontline of the fight against Covid-19, the International Finance Corporation (IFC) is working against the clock to ensure jobs and businesses are kept afloat as developing countries face one of the worst healthcare and economic crises in history.

Sérgio Pimenta, IFC’s vice president for the Middle East and Africa, tells Euromoney via video link from Washington that the IFC’s first priority is to ensure the rapid disbursement of its $8 billion fast-track financing package to 300 of its existing clients that most need support.




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