June 28

International Finance Corporation Invests $500 Million in Indonesian Bank

By Tom King

The World Bank’s International Finance Corporation (IFC) is investing up to US$500 million in Indonesian lender PT Bank BTPN Tbk (BTPN) through the latter’s social and green bonds.

The issuance of the bonds will be a first for BTPN, a subsidiary of the Sumitomo Mitsui Banking Corporation, highlighting the bank’s support for Indonesia’s micro, small and medium enterprise (MSME) sector, and for women-led businesses in particular.

Photo courtesy of Tim Cronin/CIFOR.

Source: The Asset (link opens in a new window)

climate finance, gender lens, MSMEs, supply chains, women entrepreneurs