IFC and Sweden, Partners in Private Sector Development

In FY19-23, Sweden provided cumulative funding of over 55 million through the Swedish International Development Cooperation Agency (SIDA) to support IFC Advisory Services. The MENA MSME 2.0 program is one of the Advisory Services programs Sweden has supported. It aims to improve financial inclusion and access to finance for micro, small and medium businesses with a particular focus on underserved groups in the countries of the Middle East and North Africa. SIDA also supports IFC's innovative Managed Co-Lending Portfolio Program (MCPP) Infrastructure initiative, which channels funding into emerging market infrastructure for global institutional investors, through its guarantee instrument. Another flagship program supported by Sweden is the Green Bond Technical Assistance Program (GB-TAP), a multi donor-funded Advisory Services initiative managed by IFC that supports the issuance of green bonds in emerging markets