International Finance Corporation

International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. Headquartered in Washington, D.C., with global offices, IFC provides financial and advisory services to support economic activities across various sectors such as infrastructure, agriculture, manufacturing, and financial services. It invests in both direct equity and debt, as well as fund investments, with a focus on projects that promote sustainable development and inclusive growth. IFC's investment range typically spans from $1 million to $100 million, with a minority equity stake, often up to 20%. It also offers debt financing, with loan sizes up to 25% of total project costs or 50% for expansion projects. IFC's portfolio includes a mix of asset-backed securities, corporate debt securities, government obligations, equity investments, and derivative assets. It aims to exit investments through domestic stock markets, arrangements with project sponsors, or public listings within 7 to 15 years.

Wale Ayeni

Regional Head Africa Venture Capital

Paulo De Bolle

Director, Special Situations

Ali Demirci

Global Head, Venture Capital Funds

Andi Dervishi

Chief Investment Officer and Global Head, Fintech

Makhtar Diop

Managing Director

Imad N. Fakhoury

IFC Regional Director South Asia

Allen Forlemu

Regional Industry Director, Financial Institutions Group, Asia and Pacific

Stephanie Friedeburg

Vice President, Corporate Strategy and Resources

Mohamed Gouled

Vice President, Industries

Cheryl Hanway

Director

Saadia Khairi

Vice President and Chief Risk Officer

Rosy Khanna

Regional Industry Director for Financial Institutions in Asia-Pacific

Alfonso Garcia Mora

Regional Vice President for Europe, Latin America and the Caribbean

Vivek Pathak

Director and Global Head of Climate Business

Mary Peschka

Regional Director for Eastern Africa

Sergio Pimenta

Regional Vice President, Africa

Oumar Seydi

IFC Regional Director, Africa

Sarvesh Suri

Regional Industry Director, Infrastructure and Natural Resources

Dahlia Khalifa

Regional Director of Central Africa, Liberia, Nigeria and Sierra Leone

Past deals in Bangladesh

Meghna Group Of Industries

Debt Financing in 2023
Meghna Group of Industries is a prominent manufacturer and operator of consumer goods and services based in Bangladesh. It operates as a conglomerate, encompassing a diverse range of sectors, including sugar, oil, cement, beverages, tissue, poultry, chemicals, and paper. This extensive portfolio allows the company to cater to various market demands and contribute significantly to the economy. Meghna Group's commitment to quality and innovation has established it as a key player in the consumer products industry within the region.

Labaid

Debt Financing in 2023
Labaid Group is a healthcare company based in Bangladesh that aims to enhance access to medical services for individuals in rural and underserved areas. The company offers a comprehensive range of healthcare services, including diagnostics, hospital care, outpatient services, and pharmaceuticals. By focusing on specialized treatments and facilities, Labaid Group seeks to improve the overall health and living conditions of people in remote regions, ensuring that essential healthcare services are available to those who need them the most.

Prime Bank

Debt Financing in 2023
Prime Bank, is a local commercial bank in Bangladesh.

Truck Lagbe

Series A in 2021
Truck Lagbe is a logistics platform based in Bangladesh that facilitates the booking of trucks for shipping and freight transportation. The service allows shippers to hire vehicles ranging from 1 ton to 25 tons for both short-haul and long-haul trips. Available on Android and iOS, the application streamlines the process of securing transportation, enabling businesses to improve their logistics operations and ensure the safe delivery of goods.

Chaldal

Grant in 2021
Chaldal Limited is an online grocery and delivery service based in Dhaka, Bangladesh, with operations extending to Chattogram and Jashore. Founded in 2013, the company aims to provide customers with a wide selection of daily essentials, including groceries, beauty and health care products, baby care items, and home necessities. Chaldal stocks over 4,000 products across its warehouses and leverages a cloud-based inventory system, allowing customers to view real-time product availability. The company prioritizes convenience by offering delivery within an hour, mimicking the experience of shopping in a large retail store, which is often limited in local markets.

BRAC Bank

Debt Financing in 2021
BRAC Bank Limited is a prominent banking institution in Bangladesh that offers a wide range of commercial banking products and services. The bank caters to various customer segments, including retail, wholesale, small and medium enterprises (SMEs), and expatriates. It provides an array of deposit products, such as current accounts, savings accounts, fixed deposits, and SME deposits. Additionally, BRAC Bank has a diverse loan portfolio that includes personal loans, auto loans, home loans, and secured loans or overdrafts. The bank also engages in non-banking services, offering guarantees and term loans, as well as brokerage services for local institutions, retail clients, and non-resident Bangladeshis. Its operations are structured into several segments, including retail, corporate, and treasury, enabling it to effectively serve its diverse clientele.

Prime Bank

Debt Financing in 2020
Prime Bank, is a local commercial bank in Bangladesh.

Chaldal

Series A in 2018
Chaldal Limited is an online grocery and delivery service based in Dhaka, Bangladesh, with operations extending to Chattogram and Jashore. Founded in 2013, the company aims to provide customers with a wide selection of daily essentials, including groceries, beauty and health care products, baby care items, and home necessities. Chaldal stocks over 4,000 products across its warehouses and leverages a cloud-based inventory system, allowing customers to view real-time product availability. The company prioritizes convenience by offering delivery within an hour, mimicking the experience of shopping in a large retail store, which is often limited in local markets.
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