MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $100m In Sagicor Financial Of Barbados To Develop Caribbean Insurance Industry, Including Through Microfinance Institutions (MFIs)

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently agreed to invest up to USD 100 million in Sagicor Financial Corporation, a financial institution based in Barbados, to develop the market for insurance products in the Caribbean. The investment will consist of USD 20 million of common shares, which is equivalent to a four percent stake in Sagicor, as well as up to USD 80 million in..... Continue reading here. Contact MicroCapital to receive a complete sample issue of the MicroCapital Monitor, the monthly microfinance newspaper.