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IFC and Santander collaborate to support SMEs and expand green financing in Brazil

2 mins read

The FINANCIAL — IFC, a member of the World Bank Group, is partnering with Santander Brasil to boost access to credit for small and medium-sized enterprises (SMEs) and expand green financing in Brazil. IFC is providing $100 million (BRL560 million equivalent) in financing to Santander Brasil through its Working Capital Solutions Program, a key component of the Corporation’s $8 billion fast-track program to mitigate the impacts of the COVID-19 pandemic. Half of the financing for Santander Brasil will be devoted to the commercialization of photovoltaic panels. Of the remaining amount, at least 20 percent will be directed to SMEs owned…

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IFC and Santander collaborate to support SMEs and expand green financing in Brazil

2 mins read

The FINANCIAL — IFC, a member of the World Bank Group, is partnering with Santander Brasil to boost access to credit for small and medium-sized enterprises (SMEs) and expand green financing in Brazil. IFC is providing $100 million (BRL560 million equivalent) in financing to Santander Brasil through its Working Capital Solutions Program, a key component…