International Finance Corporation ·
IFC has launched the $8 billion COVID-19 Fast Track Facility in March 2020 to provide immediate support in countries affected by the crisis. This included $6 billion support toward financial institutions in emerging markets. Due to the lockdown and port closures, many SMEs have faced high transaction costs and unexpected disruptions in their supply chains. Banks in developing economies needed immediate financial support while international markets were cutting their credit lines. The COVID-19 pandemic has accelerated the digitization in all markets: digital technologies are creating new opportunities by opening up markets to firms of all sizes in any location. This session will describe how IFC’s Financial Institutions Group has rolled out its response to COVID-19 in the past 14 months as well as IFC’s support toward the digital transformation in emerging markets through investment and advisory services. This session will be in Japanese. Please note the following time zones: Japan 10:00pm London 2:00pm Washington DC 9:00am
Speakers
- Makiko Toyoda, Global Head - Global Trade Finance Program