The International Finance Corporation (IFC), a member of the World Bank Group, has announced a long-term local currency loan of 100 million Georgian lari (around 35 million US dollars) to the Bank of Georgia to help boost access to finance for smaller businesses and women entrepreneurs. The investment is supported by the Women Entrepreneurs Opportunity Facility, a pioneering global initiative by IFC and the Goldman Sachs Foundation to expand access to capital for women entrepreneurs.
News via Emerging Europe.