West Africa Region - IFC Investment in CardinalStone Capital Growth Fund II L.P. - Approved on Absence-of-Objection Basis - June 24, 2026

Jul 19, 2026

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Board-level approval on an absence-of-objection basis dated June 24, 2026 authorizes IFC’s investment in West Africa Region through CardinalStone Capital Growth Fund II L.P. for the SMEV Cardinal II Project (IFC/R2026-0215, dated June 11, 2026). The approval covers an equity commitment of up to US$10 million from IFC’s own account and a pari passu tranche of US$5 million funded under IFC’s Blended Finance, Concessional Capital Window (IDA21/CCW-IDA21).

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval Summary

Approval Date and Scope

Investment Structure and Funding Windows

FAQs

What was approved on an absence-of-objection basis, and when?

IFC’s investment for the SMEV Cardinal II Project was approved on an absence-of-objection basis on Wednesday, June 24, 2026.

What entities and region are included in the approval?

The approval concerns IFC investment in the West Africa Region via CardinalStone Capital Growth Fund II L.P. for the SMEV Cardinal II Project.

How is the approved investment funded?

It includes an equity investment of up to US$10 million from IFC’s own account and a pari passu tranche of US$5 million from IFC’s Blended Finance, Concessional Capital Window under IDA21 (CCW-IDA21).

Jul 19, 2026

Upload by Violet