IFC to continue investments in China
By Chen Jia | China Daily | Updated: 2011-07-28 08:01
Company will focus on financing SMEs, infrastructure and energy
BEIJING - International Finance Corp (IFC), a member of the World Bank Group which focuses on the development of the private sector in emerging markets, plans to invest more than $500 million in China during its next fiscal year.
The funds will be mainly used to support private enterprise in western China in the fields of renewable energy, rural finance and agribusiness, according to Karin Finkelston, the company's vice-president for the Asia-Pacific region.
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