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Jessica Schnabel is the Global Head of IFC’s Banking on Women (BOW) business. She is responsible for building IFC’s global investment and advisory services portfolio with financial institutions in emerging markets, to radically scale-up and improve financial services for women and women-led SMEs. She has led her team to invest over US$ 2.7 billion dedicated to W-SMEs and provide solutions to over 100 financial institutions in over 50 emerging market countries to build lasting, profitable financial services for women customers. Building partnerships with public and private sector players, IFC’s Banking on Women business has been at the forefront of innovations such as launching the first Gender Bonds in emerging markets globally, IFC’s BOW-Global Trade Finance Program, IFC’s Housing & Property Finance for Women Initiative, and as part of its COVID-19 response, the BOW-Working Capital Solutions Initiative. Ms. Schnabel holds a BA from Indiana University and an MA degree from the Johns Hopkins University School for Advanced International Studies.
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2019, we delivered more than $19 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.
