IFC weighs $150m investment in Chinese digital lender XW Bank

World Bank Group member International Finance Corporation (IFC) has proposed to invest up to $150 million in XW Bank, a Chinese digital bank that provides consumer loans and MSME finance.

The three-year local currency facility will support XW Bank in growing its digital green lending to women MSMEs, which will be the target of up to 50% of the loan, IFC said in its disclosure.

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