The record
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- IFC's Regional Vice President for Asia and the Pacific, Sarvesh Suri, says India is the institution's largest country portfolio, with about $12 billion in exposure, nearly 12 per cent of its global portfolio and 23 per cent of its worldwide equity investments.
- Under the World Bank Group's Country Partnership Framework, more than $20 billion is targeted for India by 2030, with IFC aiming to mobilise over $10 billion in private capital.
- IFC's strategy centres on job creation through private sector growth, focusing on MSMEs, infrastructure, agriculture, digitalisation and sustainable urban development.
- Suri describes India as a 'lighthouse market' whose development and financing models, such as digital innovation and agricultural programmes, can be replicated in other emerging markets under IFC's 'India Abroad' strategy.
What to watch next
- Progress on IFC's target to mobilise $2.5-3 billion for India's MSME ecosystem between April and December
- Rollout of the Agri-Connect programme's first phase covering India, Bangladesh, Sri Lanka, Vietnam and Papua New Guinea, aiming to reach around 88 million farmers
- Development of pooled municipal financing models following the Visakhapatnam sewage and sanitation project
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Named India · Bangladesh · Sri Lanka · Vietnam · Papua New Guinea · HDFC · IFC · Sify · Survesh Suri · World Bank Group
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