ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

World Bank arm backs Asian small businesses to stem COVID job loss

IFC channels $1bn to keep companies afloat through economic slowdown

Small businesses, like this food stall in Bangkok, “are the backbone of most economies” in Asia, according to Vivek Pathak, director for East Asia and the Pacific at the International Finance Corp. (Photo by Akira Kodaka)
NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent | Southeast Asia

HONG KONG -- Asia must focus on sustaining small businesses to support economic recovery from the coronavirus pandemic, according to a top World Bank Group official for the region.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close