DFC & FMO Launch USD 75 Mn Financing Facility For SMEs

The 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 launch.

The USD 75 Mn facility aims to provide liquidity to financial intermediaries to help micro, small, and medium-sized businesses affected by the COVID-19 crisis and encourage new investment to help developing countries achieve economic sustainability. It also focuses on low-income countries and underserved groups such as women, youths, and agricultural or rural entrepreneurs.

The facility will also provide support for financial intermediaries facing liquidity issues as a result of the COVID-19 crisis, allowing them to provide financial assistance such as loans to companies in low-income and vulnerable countries.