IFC TO LEND MORE IN INDIA AFTER CAPITAL SUPPORT
International Finance Corporation (IFC), the commercial lending arm of the World Bank, is looking
at hiking exposure to Indian entities provided it gets more capital support. According to Lars Thunell,
executive vice president & chief executive of the IFC, IFC is currently committed to invest $1 billion annually and this may increase that if it gets the $2.4 billion capital support that it has asked its shareholders. India is one of the largest markets for IFC investments and its current India exposure is around $3.4 billion. IFC among other things plans to increase its lending support to the small and medium enterprises (SMEs) through the commercial banks in the country.
at hiking exposure to Indian entities provided it gets more capital support. According to Lars Thunell,
executive vice president & chief executive of the IFC, IFC is currently committed to invest $1 billion annually and this may increase that if it gets the $2.4 billion capital support that it has asked its shareholders. India is one of the largest markets for IFC investments and its current India exposure is around $3.4 billion. IFC among other things plans to increase its lending support to the small and medium enterprises (SMEs) through the commercial banks in the country.
0 comments:
Post a Comment