IFC Invests in Amen Bank (MENA)

Source: International Finance Corporation

International Finance Corporation (IFC), the private sector development institution of the World Bank Group, and two funds managed by IFC Asset Management Company (the IFC Capitalization Fund and the African Capitalization Fund) have agreed to invest up to US$48 million in Tunisia’s Amen Bank. The commitment will help Amen Bank realize its goal to lend US$800 million to small businesses in Tunisia over the next five years.