The International Finance Corporation (IFC) and Citi have announced the launch of a $300 million pilot facility as part of IFC’s newly established Global Supply Chain Finance Program (GSCF). This initiative aims to provide essential supply chain finance to suppliers and buyers in emerging markets, helping to alleviate constraints and enhance market resilience during global economic uncertainty.
The demand for supply chain finance has grown due to higher working capital costs and reduced access to unsecured financing. This collaboration with Citi represents the inaugural pilot project under GSCF and builds on previous successful finance programs. It also marks an important milestone for future IFC-Citi initiatives focused on supply chain finance.
GSCF, in response to global supply chain disruptions, is expected to have a broad reach, offering innovative and cost-effective financing solutions that benefit both large and small suppliers, as well as international and domestic buyers. Additionally, the program will address supply chain finance gaps for small and medium-sized enterprises (SMEs), women-owned suppliers, and promote access to sustainable supply chain finance.
By FCCT Editorial Team
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