IFC may extend $20m debt to Sri Lanka’s Central Finance to boost lending to agri SMEs

An air force officer holds Sri Lanka's national flag as the sun sets at Galle Face Green in Colombo February 2, 2013. REUTERS/Dinuka Liyanawatte

Expanding its exposure in the region’s microfinance and financial services space, the International Finance Corporation (IFC), a member of the World Bank Group, has proposed to extend up to $20 million local currency equivalent loan facility to Sri Lanka-based Central Finance Company.

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