The partnership aims to bridge a critical financing gap for small and medium-sized enterprises (SMEs) in emerging markets, providing essential supply chain finance (SCF) to suppliers engaged in both domestic and international trade.
Through the IFC’s Global Supply Chain Finance Programme (GSCF), the initiative will offer financing options and advisory services to SMEs, including those traditionally excluded from financial markets.
Trade and supply chain finance are essential for sustainable growth, and this initiative aims to empower suppliers in Mexico, many of whom have limited access to financing.
Citi’s commitment to sustainable finance aligns with this partnership. The bank has pledged to deploy $1 trillion towards sustainable finance by 2030, with a significant portion dedicated to environmental initiatives and the Sustainable Development Goals (SDGs).
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Building on IFC’s advisory work in Mexico, the programme will focus on developing local credit infrastructure and introducing innovative financing products such as e-invoice financing and reverse factoring. These efforts are part of a broader strategy to strengthen the legal framework for supply chain finance markets and promote green supply chain practices through partner financial institutions.
This collaboration between IFC and Citi represents a significant step forward in supporting sustainable economic growth and financial inclusion in emerging markets.
