The International Finance Corporation (IFC), a member of the World Bank Group, has announced an investment in EcoEnterprises Partners IV, a women-led impact fund designed to support small and medium enterprises (SMEs) in Latin America and the Caribbean (LAC). Through IFC’s SME Ventures Program, this US$10 million investment highlights IFC’s dedication to expanding access to finance for SMEs in frontier markets, particularly those working to promote climate resilience, biodiversity, and sustainable livelihoods.
EcoEnterprises Partners IV, with a target fund size of US$150 million, will provide capital to 15–20 companies across the region, focusing on areas such as the Amazon, Andean countries, and Central America. The fund aims to empower businesses that enhance biodiversity, promote environmental sustainability, and create economic opportunities in rural areas. In nations like Ecuador and Costa Rica—where private capital has been limited in recent years—the fund seeks to stimulate investment and job creation.
According to IFC’s Global Director for Disruptive Technologies, Services, and Funds, Farid Fezoua, the initiative will help deepen the private equity market in underserved LAC economies while showcasing the potential for SMEs to generate both financial and social returns. EcoEnterprises Fund CEO Tammy Newmark emphasized that IFC’s support will accelerate the fund’s mission to scale natural climate solutions that balance business growth with environmental stewardship.
Building on the success of previous EcoEnterprises funds—which invested more than $150 million in 50 SMEs and generated thousands of jobs, many for women—Fund IV will prioritize investments in sectors like sustainable products, ag-tech, circular economy, clean energy, and regenerative agriculture. With $100 million in commitments already secured, IFC’s participation is expected to attract additional private investors, helping the fund achieve its full target and maximize its regional impact.
