Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.
$19,634,638.00 (Project budget includes all project-funded activities)
Last Updated Date
May 18, 2017
Project Estimated Start Date
Jan 1, 2015
Project Estimated End Date
Dec 31, 2019
Project Description
The SME Finance Forum, created by the G20 and managed by International Finance Corporation, promotes knowledge sharing, good practice and networking in SME finance. Initially funded by some of the G20 countries and the Netherlands, the SME Finance Forum will be sustained as a membership association of financial institutions, fintech companies and development banks.
Development Results
The SME Finance Forum will become a global network of financial institutions that are committed to and will better serve the SMEs in emerging markets. The Forum aims to promote the sharing and adoption of knowledge and good practices in SME finance among its members through virtual and face-to-face knowledge events and networking events. By the end of the two-year project life cycle, the Forum expects to have at least 110 members and receive a total membership dues of at least $2 million which will then be used to provide more services to the members.
E&S Risks / Impacts and Mitigation
Performance Standard
Description & Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC sustainability policy, IFC team has screened this project to assess consistency with IFC performance standards.
IFC advice will be provided in a manner consistent with principles of the relevant performance standards. The IFC team will assist the clients, as the final decision makers, in gaining a good understanding of IFC's performance standards.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.