SIDBI, the World Bank Group, and high-level financial figures discussed deepening partnerships to support MSMEs through development policy financing and bond market expansion.

The entities involved

• Small Industries Development Bank of India →

  Indian Financial Services company

  Nothing else this week.

• World Bank Group →

  group of five international organizations that make leveraged loans to developing countries

  • Climate shocks are driving development challenges, prompting the World Bank Group to include Türkiye and São Tomé in its CCDR series.03:50
  • Sri Lanka secured $550 million in backing for the AgriConnect agricultural plan from the World Bank Group and IFAD, with the government contributing $115 million.Fri 23:18
• Nirmala Sitharaman →

  Indian politician

  • Nirmala Sitharaman announced the formation of a committee as part of the Union Budget.Fri 18:19
  • IDBI Bank faced problematic loans during the UPA tenure, while the NDA administration revitalized it through policy.Fri 15:58

Related events

• Lesotho signed a Co-Financing Framework Agreement with the World Bank Group and IFAD to support a $70.5 million rural economy program.Oct 14
• International institutions and the Ghanaian government held a roundtable to seek investment for rice self-sufficiency.Oct 14
• Nirmala Sitharaman held high-level engagements in Singapore to discuss India's growth trajectory and the India-Singapore Strategic Partnership.Oct 9
• Ministers from India and Thailand met to discuss strengthening strategic partnership, trade, and investment.Oct 17