August 18

Analysis: Pandemic Has IFC Pumping $1.7 Billion Into Local Companies in India

The pandemic has led to the International Finance Corporation (IFC) massively ramping up its impact investment in the country – its largest client nation globally – at $1.7 billion as of June, a 51 per cent rise over the past 12 months, the largest developmental lender into third world private sector said on Tuesday.

This is nearly half of its investment in the whole of South Asia since the pandemic, which touched $3.8 billion as of June 2021, it said.

Photo courtesy of Brooke Patterson/USAID.

Source: Times of India (link opens in a new window)

Coronavirus, Environment
climate change, impact investing