International Finance Corporation MD calls on FM Nirmala Sitharaman; discusses lending opportunities in India

IFC is the private sector funding arm of the World Bank.

International Finance Corporation MD calls on FM Nirmala Sitharaman; discusses lending opportunities in India
He further emphasised the potential of looking into sub-national financing for sustainable growth, and mobilise financing for women entrepreneurs.

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.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/market-news/news-global-trends-and-foreign-investors-fii-move-to-dictate-trends-in-markets-in-holiday-shortened-week-334431

Global trends, FIIs' move to dictate trends in markets in holiday-shortened week: Analysts

https://www.zeebiz.com/india/news-finance-minister-nirmala-sitharaman-said-states-did-not-agree-on-bringing-aviation-turbine-fuel-atf-under-gst-goods-and-services-tax-334430

States not in favour of bringing ATF under GST, says finance minister

https://www.zeebiz.com/automobile/news-honda-motorcycle-scooter-india-launches-new-2025-activa-125-price-advanced-features-new-colors-334429

Honda launches 2025 Activa 125: Starting at Rs 94,422 with advanced features and new color options

https://www.zeebiz.com/personal-finance/gst/news-gst-council-agreed-to-issue-clarification-on-taxation-of-popcorn-334416

GST Council clarifies on popcorn taxation

https://www.zeebiz.com/india/news-rain-lashed-most-parts-of-odisha-india-meteorological-department-imd-334415

Depression-induced rain lashes most parts of Odisha

Written By: PTI
Updated: Mon, Sep 19, 2022
09:20 PM IST
PTI
RELATED NEWS
55th GST Council Meeting: No GST payable on penal charges levied & collected by banks & NBFCs from borrowers for non-compliance, says Nirmala Sitharaman 55th GST Council Meeting: No GST payable on penal charges levied & collected by banks & NBFCs from borrowers for non-compliance, says Nirmala Sitharaman
GST Council postpones decision on slashing tax on life, health insurance GST Council postpones decision on slashing tax on life, health insurance
GST Council Meeting: Packaged & labelled popcorn with added sugar to attract 18% rate, decision on insurance products deferred GST Council Meeting: Packaged & labelled popcorn with added sugar to attract 18% rate, decision on insurance products deferred
55th GST Council Meeting: Jet fuel inclusion, lower taxes on insurance policies to be considered 55th GST Council Meeting: Jet fuel inclusion, lower taxes on insurance policies to be considered
GST Council 55th Meeting: Finance Minister Nirmala Sitharaman to attend GST meeting on Saturday GST Council 55th Meeting: Finance Minister Nirmala Sitharaman to attend GST meeting on Saturday

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x