IFC MD Diop meets FM Sitharaman, discusses lending opportunities in India

She reiterated India's expectation of a rise in IFC's lending to India to $2-2.5 billion in the next 1-2 years and $3-3.5 billion in next 3-4 years, the finance ministry said in a series of tweets

Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman

Press Trust of India New Delhi
Finance Minister Nirmala Sitharaman on Monday met International Finance Corporation (IFC) Managing Director Makhtar Diop and discussed increasing lending opportunities in India.
IFC is the private sector funding arm of the World Bank.
She reiterated India's expectation of a rise in IFC's lending to India to USD 2-2.5 billion in the next 1-2 years and USD 3-3.5 billion in next 3-4 years, the finance ministry said in a series of tweets.
"Mr @Diop_IFC shared the sentiment of IFC's expansion into India & stated that IFC would adopt a proactive approach to enhance #investment in India and extend financing to MSMEs to enable capacity building to supplement India's effort to become a manufacturing hub," another tweet said.
He further emphasised the potential of looking into sub-national financing for sustainable growth, and mobilise financing for women entrepreneurs.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sep 19 2022 | 11:14 PM IST

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