Baker & McKenzie LLP
04/23/2026 | Press release | Distributed by Public on 04/23/2026 12:56
Baker McKenzie Cairo Advises International Finance Corporation (IFC) on USD 20 million Financing to GlobalCorp for Financial Services S.A.E.
Baker McKenzie Cairo has advised International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, in connection with a USD 20 million financing provided to GlobalCorp for Financial Services S.A.E.
The financing aims to expand access to leasing and factoring solutions for micro, small, and medium-sized enterprises (MSMEs), with a focus on businesses operating in vulnerable communities across Egypt and supporting diversification of funding sources to strengthen private-sector resilience.
The Baker McKenzie Cairo team advised on both the English and Egyptian law aspects of the financing.
Commenting on the transaction, Ghada El Gharib said:
"We are pleased to have supported IFC on this important transaction which contributes meaningfully to financial inclusion and private-sector development in Egypt. Transactions such as this reflects the important role structured finance can play in expanding access to funding for underserved segments of the economy."
Additionally, Victoria Long commented:
"This financing underscores the important role that IFC continues to play in mobilising capital to develop MSMEs and communities in particular need of support and highlights the value DFIs like IFC bring in terms of supporting sustainability, social stability and resilience outcomes."
The Baker McKenzie Cairo team was led by Victoria Long, advising on the English law aspects, and Ghada El Gharib, advising on the Egyptian law aspects of the transaction. In addition, the team was further supported by Noureldin Elhayatmy and Hania Elshazly.
The financing aims to expand access to leasing and factoring solutions for micro, small, and medium-sized enterprises (MSMEs), with a focus on businesses operating in vulnerable communities across Egypt and supporting diversification of funding sources to strengthen private-sector resilience.
The Baker McKenzie Cairo team advised on both the English and Egyptian law aspects of the financing.
Commenting on the transaction, Ghada El Gharib said:
"We are pleased to have supported IFC on this important transaction which contributes meaningfully to financial inclusion and private-sector development in Egypt. Transactions such as this reflects the important role structured finance can play in expanding access to funding for underserved segments of the economy."
Additionally, Victoria Long commented:
"This financing underscores the important role that IFC continues to play in mobilising capital to develop MSMEs and communities in particular need of support and highlights the value DFIs like IFC bring in terms of supporting sustainability, social stability and resilience outcomes."
The Baker McKenzie Cairo team was led by Victoria Long, advising on the English law aspects, and Ghada El Gharib, advising on the Egyptian law aspects of the transaction. In addition, the team was further supported by Noureldin Elhayatmy and Hania Elshazly.
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