CHAPTER TWO • OFID OPERATIONS BY SECTOR


Financial: Supporting MSMEs and sustainable economies


OFID finances operations that support decent work and economic growth


Strategic context


A strong and resilient economy provides the foundations for sustainable economic and social development.


OFID finances operations that support decent work and economic growth, and industry, innovation and infrastructure (United Nations SDG 8 and 9). The organization is particularly keen to support micro-, small- and medium-sized enterprises (MSMEs), which often lack access to credit in emerging markets, but also form the backbone of those economies, providing jobs and helping to raise living standards.


By the end of 2018, OFID had committed a cumulative total of some $2,821.5m (or 12.6% of total approvals) to the banking and financial services sector.


16.2% Activities in 2018


of total OFID commit- ments were directed toward the financial sector in 2018


The financial sector received 16.2% of total commitments in 2018, representing $242.2m. OFID supported a broad range of financial intermediaries, including microfi- nance institutions, commercial banks and regional development institutions. Funding was used to enable international trade and on-lending to MSMEs.


A detailed breakdown of operations can be found in Chapter 4. For more information please visit: http://www.ofid.org/FOCUS-AREAS/ Financial


2.5 Financial sector commitments 2018 by region ($m)


105.0 Latin America & Caribbean 100.0 Asia 37.2 Africa


2.6 Financial sector commitments 2018 by mechanism ($m)


167.2 Trade Finance 75.0 Private Sector


Total commitments in 2018: $242.2m


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