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IFC’s $22 Billion Africa Push Runs Up Against Shallow Markets

Bloomberg Markets Thursday 05 November 2026, 03:00 UTC By Ana Monteiro 1 min read
Key Points

IFC’s $22 Billion Africa Push Runs Up Against Shallow Markets Development lenders, governments and regulators need to deepen African markets so that every dollar they deploy can attract $10 more of commercial capital, an official at the World Bank’s private-sector arm said. While the so-called golden ratio “is extremely ambitious” and the International Finance Corp. is meeting and exceeding it in some markets and sectors, “we’re not yet ready, as IFC, to say that categorically the Africa...

IFC’s $22 Billion Africa Push Runs Up Against Shallow Markets Development lenders, governments and regulators need to deepen African markets so that every dollar they deploy can attract $10 more of commercial capital, an official at the World Bank’s private-sector arm said. While the so-called golden ratio “is extremely ambitious” and the International Finance Corp. is meeting and exceeding it in some markets and sectors, “we’re not yet ready, as IFC, to say that categorically the Africa portfolio can deliver on one-to-10,” said Mary Porter Peschka, the lender’s division director for East Africa.
IFC (ORG) African (ORG) the World Bank’s (ORG) the International Finance Corp. (ORG) Africa (LOCATION) Mary Porter Peschka (PERSON) East Africa (LOCATION)
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