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World Bank and SMBC Partner to Finance Small Businesses in Emerging Markets

Original: World Bank Group and SMBC Partner to Expand Access to Finance for Small Businesses Across Emerging Markets

The World Bank Group and Japanese banking group SMBC have announced a partnership to expand access to finance for small businesses across emerging markets. The initiative, involving the World Bank's private-sector arm the International Finance Corporation, aims to channel lending and support to small and medium-sized enterprises that often struggle to secure credit. The announcement drew attention as a significant step in development finance.

Why now: The announcement of a major new development finance partnership between the World Bank Group and SMBC is newly published news.

World Bank GroupSMBCInternational Finance Corporation

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