(Bloomberg) -- The World Bank arm that invests in
companies said funding for India, its biggest recipient, will
surpass last fiscal year's record $1 billion as interest rates
at a five-year high deter companies from borrowing at home.
The International Finance Corp. will commit $500 million of
the funds in the year ended June 30 to infrastructure, focusing
on oil, transportation, power and gas projects, said Anita
George, chief investment officer of the World Bank division that
lends to companies in emerging markets.
Read more at Bloomberg Emerging Markets News
companies said funding for India, its biggest recipient, will
surpass last fiscal year's record $1 billion as interest rates
at a five-year high deter companies from borrowing at home.
The International Finance Corp. will commit $500 million of
the funds in the year ended June 30 to infrastructure, focusing
on oil, transportation, power and gas projects, said Anita
George, chief investment officer of the World Bank division that
lends to companies in emerging markets.
Read more at Bloomberg Emerging Markets News
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