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Asia-Pacific Growth Remains Resilient, but Job Creation Is Critical: International Finance Corporation
IFC aims to mobilize five times its capital by 2030, addressing a $3 trillion MSME financing gap and supporting AI-driven growth across Asia-Pacific economies.
- The IFC 2030 plan aims to boost jobs and growth in Asia‑Pacific, with Suri noting its focus on agribusiness, tourism, and healthcare, supported by IFC's long-term pillars.
- To close financing shortfalls, IFC highlights a US$3 trillion MSME sector gap and supports AI-driven financing solutions, Suri said.
- Last year, IFC mobilised US$13 billion in Asia‑Pacific business using US$5 billion of its own funds, and it aims to mobilise five times its capital by 2030.
- The AgriConnect initiative aims to improve incomes for 300 million farmers by 2030, deploying digital tools and artificial intelligence to boost yields, predict weather, and connect buyers.
- The rapid growth of AI and data centres raises sustainability concerns, notably around energy and water use, and IFC says it will back investments with sustainable power generation and responsible water management.
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Asia-Pacific growth remains resilient, but job creation is critical: International Finance Corporation
In an interview with CNA’s Elizabeth Neo, the International Finance Corporation's vice president for Asia and the Pacific Sarvesh Suri shares how investment-driven growth could unlock the potential of Asia’s demographic surge.
·Singapore
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World Bank Unit Appoints Trio to Support APAC
A unit of the World Bank focused on the private sector in emerging markets has announced a trio of roles to support developments in Asia and the Pacific. International Finance Corporation (IFC) has appointed Sarvesh Suri as regional vice president for Asia and the Pacific, according to a statement. Based in Singapore, he will oversee a team working from India to the Pacific Islands, designing private sector solutions in the financial, manufactur…
Coverage Details
Total News Sources11
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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