IBBI Inks Cooperation Agreement With International Finance Corporation for Effective Implementation of IBBI Code, 2016

• The Insolvency and Bankruptcy Board of India (IBBI) has signed a Cooperation Agreement with the International Finance Corporation (IFC), a Member of the World Bank Group (WBG) on March 6, 2019.

• Under the agreement, IFC will assist the IBBI in the effective implementation of the Insolvency and Bankruptcy Code, 2016 and its Allied Rules and Regulations by providing technical assistance to further build the capacity of the Insolvency Professionals, and Insolvency Professional Agencies.

• The Cooperation Agreement will be valid up to 30 June, 2021.