IFC mulls $10-M bet on Philippine retailer Dali
MANILA, Philippines — The International Finance Corp. (IFC), the private-sector arm of the World Bank Group, is considering a $10 million investment in Dali Everyday Grocery, a rapidly expanding hard-discount retailer in the Philippines.
In a disclosure released on September 22, the IFC revealed that the proposed quasi-equity financing aims to support Dali in broadening consumer access to affordable household goods across the country.
This investment reflects IFC’s commitment to fostering inclusive growth by backing businesses that provide cost-effective products to a wider segment of the population.
https://business.inquirer.net/549711/ifc-mulls-10-m-bet-on-philippine-retailer-dali
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