IANS | 19 Sep, 2022
Finance Minister Nirmala Sitharaman on Monday underlined India's
expectations of getting enhanced lending from the International Finance
Corporation (IFC) to the tune of $2-2.5 billion in the next one to two
years and up to $3-3.5 billion in the next three to four years.
She raised these expectations during her meeting with IFC's Managing Director Makhtar Diop, who called on her.
Diop
discussed IFC's lending footprint in India, especially in the areas of
micro small and medium enterprises (MSMEs), infrastructure and climate
management, the Finance Ministry said in a series of tweets.
He
shared IFC's sentiment of expansion in India and stated that the body
would adopt a proactive approach to enhance investment in the country
and extend financing to MSMEs to enable capacity building for
supplementing India's efforts to become a manufacturing hub.
Diop
further emphasised the potential of looking into sub-national financing
for sustainable growth and mobilise financing for women entrepreneurs.
IFC
is an international financial institution that offers 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 D.C.
