New Microfinance Growth Fund for the Western Hemisphere


In response to the global credit crisis the US Overseas Private Investment Corporation will partner with the Multilateral Investment Fund at the Inter-American Development Bank and the Inter-American Investment Corporation to launch a $100 Million Microfinance Growth Fund for the Western Hemisphere.

The purpose of the fund will be to supplement the work of regional microfinance institutions, which are now facing a severe shortage of private finance, by providing them with stable medium to long term loans. The Fund is a vital and welcomed step to ensure the capacity of MFI’s to continue lending at a time when their services are desperately needed.

For more details and to read the full White House statement, click here.

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