Sitharaman seeks increased loans from the International Finance Corporation
New Delhi: Finance Minister Nirmala Sitharaman on Monday highlighted India’s expectations of increased lending from the International Finance Corporation (IFC) to the tune of $2-2.5 billion over the next two years and up to to $3-3.5 billion over the next three to four years. .
She raised these expectations during her meeting with IFC Managing Director Makhtar Diop, who called on her.
Diop discussed IFC’s lending footprint in India, particularly in the areas of micro-small and medium enterprises (MSMEs), infrastructure and climate management, the finance ministry said in a statement. a series of tweets.
He shared IFC’s sense of expansion in India and said the agency would take a proactive approach to increasing investments in the country and expanding financing to MSMEs to enable capacity building to complement efforts to India to become a manufacturing hub.
Diop further highlighted the potential to examine sub-national financing for sustainable growth and to mobilize financing for women entrepreneurs.
IFC is an international financial institution that provides investment, advisory and asset management services to encourage private sector development in less developed countries. It is a member of the World Bank Group and is headquartered in Washington DC