World Bank Approves US$100 Million for Micro-Business in China – Kansas City InfoZine

From the Kansas City InfoZine:

The World Bank Board of Executive Directors recently approved a US$ 100 million loan to the People’s Republic of China to support the country’s efforts to promote credit flows to micro and small businesses.

“Micro and small enterprises (MSEs) play an essential part in China’s effort to build a harmonious society,” said David Dollar, Country Director for China. “We hope the project will demonstrate to Chinese banks that lending to MSEs can be commercially sustainable so that private sector MSEs can expand, creating jobs and income growth and reducing poverty.” [Full Text]

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