IFD became the newest member of the SME Finance Forum
IFD became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have IFD join our network of more than 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
IFD is the Portuguese Development Institution, a wholesale financial company established in 2015 to address market failures in access to finance by Portuguese companies, in particular SMEs and Midcaps. IFD places emphasis on equity and debt, and guarantees financial instruments, financed by European Structural and Investment Funds, by Government funds or by IFD itself, to promote better financing conditions to viable Portuguese companies.
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