A new Swedish investment is set to support business growth and job creation in the Philippines.
Swedfund, Sweden’s development finance institution, has committed USD 15 million to Navegar Fund III, a private equity fund that invests in mid-sized Philippine companies, according to a press release from Swedfund.
The investment is aimed at helping local businesses expand their operations, improve productivity, and create more formal and higher-quality jobs. The fund focuses on sectors such as healthcare, food distribution, logistics, and business services.
According to Swedfund, many growing companies in the Philippines struggle to access long-term financing despite the country’s strong economic growth. Around 70 percent of the workforce is employed in the informal sector, often without stable working conditions or social protection.
“Creating more productive and formal jobs is essential for inclusive economic development,” said Helen Hagos, Investment Director at Swedfund.
The investment is part of Swedfund’s strategy to support sustainable economic growth in Southeast Asia and contribute to the United Nations Sustainable Development Goals.
