IFC eyes $10M investment in Dali Discount

International Finance Corp. (IFC), the private-sector lending arm of the World Bank Group (WBG), will extend over $10 million in investment financing to Dali Discount AG (DALI) to expand its grocery network in the Philippines.

- 

IFC disclosed on Sept. 22 that its Washington-based board is scheduled to approve on Oct. 22 quasi-equity financing of up to $10.07 million, or about P585 million, for Dali to enable the company to scale its business.

Established at the height of the Covid-19 pandemic in 2020, Dali has quickly established itself as a hard-discount retailer dedicated to making everyday essentials affordable for Filipino consumers, IFC noted, adding that the grocery chain follows a no-frills, small-format model with a limited but carefully curated assortment.

Dali focuses heavily on private-label products that address basic household needs. Its offerings include staple foods such as rice, cooking oil, sauces, snacks, and beverages, as well as personal care products like soap and toothpaste, and household essentials such as detergents and cleaning supplies.