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    • News

    Chinese SMEs Obtain World Bank Backing

    By Ma. Rizza Leonzon // 23 April 2009

    The International Finance Corp. will lend USD15 million to small and medium-sized enterprises in China's Sichuan province, which was devastated by an earthquake last year. According to

    , the funding will be managed by the Chengdu Small Enterprise Credit Guarantee Co. "As an effort to support reconstruction in the quake zone, we hope the project will help improve local people's livelihoods," said Michael Ipson, IFC's chief representative in China and Mongolia.

    • Funding
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ma. Rizza Leonzon

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

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