IFC Targets 10 Billion Dollars in Annual India Funding

The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has announced an ambitious roadmap to scale its annual investments in India to $10 billion by 2030. This target represents a significant expansion from the $1.3 billion invested in the 2021/2022 financial year, with current annual commitments already reaching approximately $5.4 billion for the 2024/2025 period.

Imad Fakhoury, the IFC’s South Asia regional director, emphasized the organization's long-term dedication to the region despite global economic shifts.