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The International Finance Corporation (IFC) is keen to double its lending in India to $2.5-3 billion over the next couple of years, putting money in newer areas such as renewables, climate change themes, circular economy, and logistics. IFC’s Managing Director Makhtar Diop backs a greater emphasis on the development agenda that includes supporting frontier states…
India expects the International Finance Corporation to raise its lending to the country to $2-2.5 billion in the next one or two years and to $3-3.5 billion in the next 3-4 years. Finance minister Nirmala Sitharaman conveyed this to IFC managing director Makhtar Diop at a meeting on Monday. Diop, who is visiting the country,…
Finance Minister Nirmala Sitharaman on Monday met International Finance Corporation (IFC) Managing Director Makhtar Diop and discussed increasing lending opportunities in India. IFC is the private sector funding arm of the World Bank. She reiterated India’s expectation of a rise in IFC’s lending to India to USD 2-2.5 billion in the next 1-2 years and…