Annual Report 2011 - South Asia
In South Asia, IFC continued to address acute needs for energy, food, water, health care, access to financial services, sanitation, and waste management.
Keeping close to our strategic objectives of promoting inclusive and clean growth and global integration, IFC committed $742 million for our own account and mobilized an additional $320 million from other investors. Our advisory services project expenditures topped $22 million in the region.
In India, our support to Magma Fincorp Private Limited will help the firm reach more than 500,000 borrowers, including self-employed entrepreneurs and farmers. In Bangladesh, we provided an $80 million SME liquidity facility that will enable small entrepreneurs and exporters to access foreign currency working capital, preserving output and employment in the country.
On the advisory side, our reform work helped establish the Bangladesh Independent Arbitration Center, which will provide commercial dispute resolution options to avoid uncertainties in the judicial process.
Other projects are designed to help India and Sri Lanka diversify their energy mix and reduce greenhouse gas emissions.