Annual investments in India by IFC, the private-sector arm of the World Bank Group, have risen to about $5.4 billion in 2024/2025 from about $1.3 billion in financial year 2021/2022, Imad Fakhoury, its South Asia regional director, told Reuters.
"We are pleased to have supported IFC on this important transaction which contributes meaningfully to financial inclusion and private-sector development in Egypt.
He said the step could produce practical results by expanding IFC operations in Syria to support the private sector in ways that benefit the Syrian economy and local communities in different areas ... IFC Supports Responsible Financing in Syria.