Uzbekistan, July 20 -- IFC is providing the first ever investment under the Catalytic First Loss Guarantee (CFLG) Program to Ipak Yuli Bank, a long-standing parter of IFC in Uzbekistan, to support eligible micro, small, and medium-sized enterprises (MSMEs), specifically microenterprises, climate-related businesses, and women-owned enterprises. This landmark transaction will provide financial backing for an MSME loan portfolio of approximately $100 million equivalent in local currency.The CFLG is an innovative program, delivered as part of IFC's $4 billion MSME Platform, that enables IFC to provide first-loss coverage to partner financial institutions leveraging blended finance through the IDA Private Sector Window (IDA PSW). The two-tranche...