New Delhi: Finance Minister Nirmala Sitharaman on Monday expected India to increase lending from the International Finance Corporation (IFC) to $2 billion to $2.5 billion over the next one to two years and $3 billion to $3.5 billion over three to four years. emphasized. .
She expressed these expectations during a meeting with IFC Managing Director Mahtar Diop.
In a series of tweets, the Ministry of Finance said Diop had discussed IFC’s lending track record in India, particularly in the areas of micro-small and medium-sized enterprises (MSMEs), infrastructure and climate management.
He shared IFC’s thoughts on its expansion in India, stating that the institution has adopted a proactive approach to boost investment in the country, expanding financing to MSMEs to make India a manufacturing hub. He said it would enable capacity building to complement the efforts of
Diop further emphasized the possibility of looking at local financing for sustainable growth and mobilizing funds for women entrepreneurs.
IFC is an international financial institution that provides investment, advisory, and asset management services to advance private sector development in developing countries. It is a member of the World Bank Group and is headquartered in Washington, DC.
