Bern (ots) - For the first time in its history, SIFEM's active investment commitments surpassed USD 1 billion at the end of 2023. In 2023, SIFEM added a total of USD 143.8 million to 10 new investments and closed the year with a positive operating result of CHF 13.1 million. Thanks to growing commitments, SIFEM is effectively pursuing the development goals set by the ...
Geneva (ots) - In 2022, the Swiss Investment Fund for Emerging Markets (SIFEM) created important economic, social, and environmental impacts in developing countries. Over 600 companies in SIFEM's investment portfolio supported more than 483,000 jobs, increased their financing for microentrepreneurs by 7% and for ...
Bern (ots) - In 2022, the Swiss Investment Fund for Emerging Markets (SIFEM) committed a total of USD 95 million to seven new investments and concluded the year with a negative operating result of minus CHF 13.1 million. The seven new investments will contribute directly to the achievements of SIFEM's development goals, especially in terms of job creation, climate ...
Bern (ots) - In 2021, the Swiss Investment Fund for Emerging Markets (SIFEM) committed a total of USD 84 million to seven new investments and concluded the year with a positive operating result of CHF 40.3 million. Also, 2021 marked the beginning of a new type of cooperation between SIFEM and the Swiss Agency for Development and Cooperation (SDC). The two partners have ...
Bern (ots) - The Swiss Investment Fund for Emerging Markets (SIFEM) made its first investment in Nepal, a focus country of Switzerland's development cooperation.SIFEM supports NMB Bank Limited with a loan of USD 12 million that will be used for lending to local businesses.This investment will give micro, small and medium enterprises (MSMEs) access to finance and will ...
Bern (ots) - In 2020, the Swiss Investment Fund for Emerging Markets (SIFEM) committed a total of USD 85.6 million to ten new investments and concluded the year with a negative operating result of CHF -28.6 million, amid the global COVID-19 crisis. More than ever, SIFEM has been able to play its counter-cyclical ...
Bern (ots) - In 2019, the Swiss Investment Fund for Emerging Markets (SIFEM) committed a total of USD 104.5 million across nine different projects and concluded the year with a positive operating result of CHF 5.1 million. However, the outlook for SIFEM's portfolio in 2020 has taken a sudden negative turn in the ...