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International Finance Corporation (IFC) announced a new partnership with Global Corp, one of Egypt’s leading non-bank financial services groups, aimed at expanding access to leasing and factoring solutions for micro, small, and medium-sized enterprises (MSMEs). The partnership places particular emphasis on supporting businesses operating in underserved communities across Egypt, contributing to the diversification of financing sources and strengthening private sector resilience.

The collaboration includes a dual-currency investment of $30 million, designed to support the growth of Global Corp’s financing portfolio and deepen the role of alternative financing instruments. The initiative also contributes to capital market development through the execution of IFC’s first local-currency securitization transaction in Egypt, as well as the first investment by a development finance institution in the securitization of leasing receivables in the country.

The partnership is expected to enhance MSMEs’ access to finance, stimulate economic activity, and support financial inclusion efforts, thereby strengthening the business environment and promoting sustainable growth in the Egyptian market.