DFC, FMO launch US$75m financing facility for SMEs and new investment

AFRICA – United States International Development Finance Corporation (DFC) and FMO, the Dutch entrepreneurial development bank, have announced the DFC-MASSIF COVID-19 Response Co-Financing Facility. The US$75 million facility seeks to bring liquidity to financial intermediaries to support micro-, small- and medium-sized enterprises impacted by the COVID-19 crisis and promote new investment to support economic sustainability in developing countries. It is also focused on low-income countries and underserved groups like women, youths, and entrepreneurs active in agriculture or rural areas. “As the COVID-19 pandemic continues to adversely affect financial markets, especially…

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