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Member News: IFC to invest $50m in Dhaka-based BRAC Bank

Member News: IFC to invest $50m in Dhaka-based BRAC Bank

International Finance Corporation (IFC) will provide $50 million to Dhaka-headquartered BRAC Bank Ltd to initiate the Banking on Women (BOW) program in Bangladesh. In a disclosure, IFC said the first-of-its-kind program will respond to the large unmet demand for financial services for women in Bangladesh, particularly women-owned small and medium enterprises (SMEs).