Makhtar Diop: IFC and Access Bank agree up to $500 million framework for African local currency financing

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14.05.2026

Makhtar Diop: IFC and Access Bank agree up to $500 million framework for African local currency financing — IFC and Access Bank sign $500 million deal

Makhtar Diop highlights a new agreement aimed at strengthening African businesses through financing aligned with their operating currencies.

According to Diop, the International Finance Corporation (IFC) and Access Bank have signed a framework of up to $500 million to expand local currency financing for MSMEs, agribusiness, housing, and infrastructure sectors across Africa.

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Diop has previously described how Egypt’s banks, working with IFC’s 30by30 program, have expanded sustainable finance to drive investment and manage risk in Egypt. He has also examined Saudi Arabia’s development of a modern mortgage finance system designed to boost private capital and increase homeownership in Saudi Arabia. These efforts reflect his ongoing focus on strengthening financial systems in emerging markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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