MICROCAPITAL STORY: The World Bank Group’s International Bank for Reconstruction and Development (IBRD) Loans USD 100 Million to the Chinese Ministry of Finance to Support Microfinance

The executive directors of the World Bank announce a Financial Intermediary Loan to support Chinese microentrepreneurs. The funding goals include expanding credit flows to small and micro enterprises (SMEs) on a mass-market and commercially sustainable basis, according to the World Bank’s project description. The loan is made by International Bank for Reconstruction and Development (IBRD), a lending arm of the World Bank Group focusing on middle income and credit-worthy poor countries. The loan has a grace period of four years and a maturity of seventeen years.
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