“We are working on different funds — one for corporate, one for SMEs (small and medium enterprises), one for retail,” IFC said.
The International Finance Corporation (IFC) is setting up three funds to acquire as much as a fifth of the stressed assets that emerge from India’s ongoing resolution of bank debt that’s gone bad. The World Bank’s private finance arm will aim
India, which has pledged to significantly reduce the emissions intensity of its GDP, offers a climate-smart investment potential of $3 trillion between 2018 and 2030, said a report released by International Finance Corporation (IFC) on Wednesday.
India is wooing private investors to contribute to clean initiatives such as renewable energy, green buildings and electric vehicles to meet its ambitious targets under the Paris Agreement even as finance from developed countries seems to dry up, the government has said.
International Finance Corporation (IFC), a World Bank Group member, is planning to invest up to $6 billion in India over the next five years to support initiatives in renewable energy and green buildings, said a top official of the institution.