The International Finance Corporation (IFC), part of the World Bank Group, has partnered with CRX Markets, one of Europe’s largest working capital finance platforms, to strengthen sustainability in global supply chains.
The collaboration will leverage CRX Markets’ platform to expand the reach of IFC’s $1 billion Global Trade Supplier Finance (GTSF) programme, which provides emerging market suppliers with access to affordable short-term working capital.
The GTSF programme incentivises sustainability improvements within supply chains by offering financial discounts to suppliers that meet clients’ environmental, social, and governance (ESG) targets. These include progress in workplace equity, environmental compliance, and decarbonisation efforts.
“Innovative financial solutions are a crucial part of IFC’s work in promoting sustainable economic development,” said Femi Akinrebiyo, IFC’s Global Manager for Manufacturing Investment & Trade Supplier Finance. “Partnering with CRX Markets allows us to enhance our impact by reaching more suppliers and accelerating the transition to a more equitable, sustainable global economy.”
CRX Markets facilitates working capital finance for some of Europe’s largest brands, supporting the supplier networks essential to their operations.
Michael Germann, Chief Commercial Officer and Board Member of CRX Markets, described the partnership as a key milestone for both organisations. “This collaboration will expand financing opportunities for a wider range of suppliers, particularly in emerging markets, fostering growth and innovation across supply chains,” he said. “Together, we will unlock new opportunities for our clients and their suppliers, driving sustainability and inclusivity in global trade.” The IFC’s GTSF programme provides sustainability-linked financing solutions across various industries, including garment manufacturing, agribusiness, automotive, and electronics. In 2024, it disbursed more than $2.15 billion to over 350 suppliers, with sustainability-linked facilities accounting for over 60 per cent of the total funding.
