IFC and Citi collaborate on $500 million facility to boost sustainable supply chain finance in Mexico 

The International Finance Corporation (IFC) and Citi have decided to launch a $500 million facility in Mexico as the initial initiative within a $2 billion sustainable supply chain finance program targeting emerging markets.  

This facility marks the largest project to date under IFC’s Global Supply Chain Finance Program (GSCF), which was introduced in 2022 to address global supply chain disruptions.  

The GSCF aims to bridge the supply chain finance gaps for small and medium-sized enterprises (SMEs) and enhance access to sustainable supply chain financing. 

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“We are pleased to partner with a market leader such as Citi on this groundbreaking program,” said Nathalie Louat, Global Director of Trade and Supply Chain Finance at IFC. 

She added, “The role of trade and supply chain finance in facilitating the goods and services essential for sustainability is paramount, and this program will enable suppliers in Mexico, some of whom may not traditionally be considered bankable, to receive such financing.” 

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This establishment expands on IFC’s advisory efforts in Mexico concerning the establishment of local credit infrastructure (such as e-invoice financing) and the introduction of new reverse factoring and other asset-based financing products.  
 
IFC has been actively collaborating with Mexican authorities and stakeholders to fortify the legal basis of supply chain finance markets and anticipates that this program will help sustain the expansion of the financing offered by Citi and other market participants.