IFC may extend $20m debt to boost Sri Lankan agri SMEs

The International Finance Corporation has proposed to extend up to $20 million local currency equivalent loan facility to Sri Lanka-based Central Finance Company. The financing aims to help 10,000 MSMEs in the agriculture value chain to get financed over the next five years. The money will be made through IFC's Sri Lanka Agriculture Finance Program, which aims to finance the holistic agriculture financing gap of $2 billion.