{"id":63738,"date":"2025-11-03T16:03:17","date_gmt":"2025-11-03T16:03:17","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending"},"modified":"2025-11-03T16:55:54","modified_gmt":"2025-11-03T16:55:54","slug":"world-banks-investment-arm-to-boost-local-currency-lending","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending","title":{"rendered":"World Bank\u2019s investment arm to boost local-currency lending"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Lesotho. <\/strong><\/span>The International Finance Corporation, the World Bank\u2019s private investment arm, is expanding its local-currency lending and direct investments into companies across Africa to help projects reach the scale required to attract major global funds, Managing Director Makhtar Diop told the Africa Financial Summit in Casablanca on Monday.<\/p>\n<p>\u201cWhat investors tell us is that when we have assets of less than a billion, it doesn\u2019t interest us,\u201d said Diop. \u201cWhen you talk to BlackRock, when you talk to all these people, they tell you that we need a certain volume so that we can invest in our countries and have long-term resources,\u201d he said.<\/p>\n<p>There is a widespread push to attract more private money into the developing world as rich nations slash aid spending and concessional finance is squeezed, and experts also say that local-currency lending can shield countries from currency volatility over which they have limited control.<\/p>\n<p>Africa accounted for more than $15 billion of IFC commitments last year, mostly in debt and trade finance. Diop said that local-currency lending already accounts for roughly 30% of the IFC\u2019s portfolio.<\/p>\n<p>The IFC is also seeking partnerships with commercial banks to exchange dollar resources for local-currency lines. Diop said deeper market integration, including interoperable stock exchanges, would help mobilise savings and attract long-term investors.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Lesotho<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Lesotho. The International Finance Corporation, the World Bank\u2019s private investment arm, is expanding its local-currency lending and direct investments into companies across Africa to help projects reach the scale required to attract major global funds, Managing Director Makhtar Diop told the Africa Financial Summit in Casablanca on Monday. \u201cWhat investors tell us is [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":63737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[245],"class_list":["post-63738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-lesotho"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>World Bank\u2019s investment arm to boost local-currency lending - Lesotho<\/title>\n<meta name=\"description\" content=\"The International Finance Corporation, the World Bank\u2019s private investment arm, is expanding its local-currency lending ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank\u2019s investment arm to boost local-currency lending\" \/>\n<meta property=\"og:description\" content=\"The International Finance Corporation, the World Bank\u2019s private investment arm, is expanding its local-currency lending ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-03T16:03:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-03T16:55:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/11\/sm_1762175908.328016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"World Bank\u2019s investment arm to boost local-currency lending\",\"datePublished\":\"2025-11-03T16:03:17+00:00\",\"dateModified\":\"2025-11-03T16:55:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending\"},\"wordCount\":234,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/11\/sm_1762175908.328016.jpg\",\"keywords\":[\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-banks-investment-arm-to-boost-local-currency-lending\",\"name\":\"World Bank\u2019s investment arm to boost local-currency lending - 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