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DFIs can play a crucial role in financing private and public sector investments in developing countries, in the form of higher risk loans, equity positions, and guarantees. [ 2 ] DFIs often provide finance to the private sector for investments that promote development and to help companies to invest, especially in countries with various ...
India is growing in renewable energy production, with most of the country's new electricity generation capacity being added through solar, wind and nuclear sources. [ 26 ] Goods trains on the dedicated freight corridor are running at speeds faster than Rajdhani trains, with one clocking a record 99.38 kmph. 3,077 trains ran on EDFC; the maximum ...
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law.
Additionally, Narain is an international consultant and advisor to various governments, multilateral institutions, DFIs, and private sectors in MSME financing and development. [3] He has also completed numerous assignments in Asia, the Middle East, and Sub-Saharan Africa. [ 4 ]
A popular example of the projects was, financially backing WaterHealth in India to create WaterHealth Vending Machines (WVM) in heavily populated areas. Thereby increasing women, and their families, access to clean drinking water. Another example was a $5 million loan for Twiga Foods in Kenya, aimed to combat food scarcity.
The Industrial Development Bank of India (IDBI) was established in 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India.In 1976, the ownership of IDBI was transferred to the Union government and it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in India.
Impact Investing in Asia is a burgeoning sector with many funds currently in play. In South East Asia, from 2007 to 2017, US$904 million impact capital was deployed by Private Impact Investors (PIIs) and US$11.9 million was deployed by Development Finance Institutions (DFIs). [34]
The Development Financial Institutions Act 2002, in its current form (1 October 2008), consists of nine Parts containing 130 sections and one schedule (including one amendment).