IFC intends to pump $1 billion in India

IFC intends to pump $1 billion in IndiaA World Bank affiliate, the International Finance Corporation (IFC), is planning to make an investment close to $1 billion (about Rs 5,000 crore) in India during July 2009-June 2010.  
 
According to sources, the firm’s focus area for investment would be infrastructural projects in the country and an investment close to 50% would be made in this sector.  

It should be noted that Infrastructure has become a focus area for IFC especially because of Indian government, which has told IFC to do more in that sector.

Besides infrastructure, IFC also intends to invest in agriculture and rural development among others.     

Further, IFC claims that the economic slowdown has not impacted its investment plans and it doesn’t face any liquidity problem.

IFC is a member of the World Bank Group which provides investments and advisory services to private sector in developing countries.