The United States International Development Finance Corporation (DFC) has announced to invest $54 million in India to support the development of critical infrastructure projects in the country in the wake of the COVID-19 pandemic. The DFC will invest this $54 million in equity for the National Investment and Infrastructure Fund (NIIF) in India.
NIIF will use this capital to support economic growth and address critical development challenges in the country. This financing is part of NIIF’s final round of fund-raising for the fund.
About Development Finance Corporation:
DFC is the development finance institution of the United States federal government, primarily responsible for providing and facilitating the financing of private development projects in lower- and middle-income countries.
Important takeaways for all competitive exams:
India's development journey after independence required a strong and structured approach to economic growth. The…
In 2024, India has witnessed an unprecedented surge in the number of billionaires, with 94…
Every year, July 11th is observed as World Population Day, a global initiative to highlight…
January is a month full of important national and international days. These days are celebrated…
The digital space in India has been significant growth in 2024, with influencers becoming powerful…
Tamarind is an essential fruit in India cuisine, known for its tangy flavor. It is…