World Bank helps mobilise $36 billion in private capital to support job creation in India since FY22
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- ✓The World Bank Group helped mobilise USD 36 billion in private capital since FY22 to support job creation in India.
- ✓Manuel Reyes-Retana said, "We are seeing a positive response from private sector investors and growing momentum in this area." This funding helped many small businesses get faster access to capital.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Private capital mobilisation by the World Bank Group has grown nearly five-fold in four years, rising from approximately USD 3 billion in FY22 to USD 14.5 billion in FY26 and unlocking a cumulative USD 36 billion for development across sectors, Manuel Reyes-Retana, Division Director, South Asia, IFC, a member of the World Bank Group, said.
New Delhi: The World Bank Group said it has helped mobilise a cumulative USD 36 billion over the last four years for development across sectors and to support efforts to boost investment and create jobs.
Of the total, USD 9.6 billion was channelled towards micro, small and medium enterprises (MSMEs), as it seeks to boost private sector-led growth and job creation.
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Economic Times
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