The Hong Kong Monetary Authority commits $1 billion investment in emerging markets

Almaty. September 21. Silkroadnews – The Hong Kong Monetary Authority commits $1 billion investment in emerging markets, Xinhua news agency reported.
The Hong Kong Monetary Authority (HKMA) has signed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to allocate $1 billion to the innovative MCPP platform for emerging markets, the report said.
It is reported that HKMA will support IFC in financing projects across more than 100 countries, including infrastructure, telecommunications, manufacturing, agribusiness and services sectors.
“With the collaborative efforts of two institutions, we look forward to further realizing the growth potential of emerging markets in a sustainable manner. The HKMA’s participation in MCPP will allow IFC to provide more financing to projects, benefiting millions of people by creating jobs, raising living standards, and improving connectivity,” the agency quoted Dimitris Tsitsiragos, IFC Vice President.
In his turn Norman Chan, HKMA’s Chief Executive, noted that “emerging markets present a broad array of untapped investment opportunities with good long-term growth potential.”