World Bank arm invests $10M in Dali PH operator

International Finance Corp. (IFC), the privatesector lending arm of the World Bank Group (WBG), has approved a financing investment of more than $10 million for Dali Discount AG (DALI) to support the expansion of its grocery network in the Philippines.

- 

According to IFC’s latest updated disclosure on Oct. 28, its Washington-based board approved on Oct. 24 a quasi-equity financing of up to $10.07 million (over P595 million) for DALI to expand its grocery network in the country, with the investment’s status now pending signing.

Established at the height of the Covid-19 pandemic in 2020, DALI has quickly positioned 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.