Catalysing liquidity

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Private companies in developing countries have always found it hard to get access to international financing. In an effort to help solve this problem, the Washington, DC-based International Finance Corporation (IFC) has embraced structured products as a means to generate liquidity for lesser-known corporates.Traditionally, the IFC's financing activities had a 75% loans/5% equity mix, says Lee Meddin, deputy treasurer and head of structured credit, at the private arm of the World Bank group.