French government development arm partners with Pakistan firms to boost gender, climate finance

French government development arm partners with Pakistan firms to boost gender, climate finance

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Tue, 2024-08-27 17:50

ISLAMABAD: The French government’s development arm has entered into a “landmark partnership” with Pakistani financial companies to support small women-led businesses and green technologies in the country, a statement announced on Tuesday, describing it as the first credit risk guarantee offered by the French entity in Pakistan.
Established in 1977, Proparco provides financing to businesses in developing and emerging economies and has partnered with Pakistan’s financial services companies Karandaaz and Parwaaz to support small and medium-sized businesses (SMEs).

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Read the full story at the Arab News Pakistan website.