Makhtar Diop the managing director of the International Finance Corporation (IFC) -- a member of the World Bank Group headquartered in Washington, D.C. -- was interviewed by journalists from the Economic Times regarding IFC's largest program, India. A lightly edited summary of the interview follows: ET Interviewers: India is already...
12 Indian States Lead Business Reforms
India's Department of Industrial Policy and Promotion and its Ministry of Commerce and Industry, in partnership with the World Bank Group, released the results of the Assessment of State Implementation of Business Reforms 2015-16. This Assessment studies the extent to which the 36 states and federally administered territories have implemented DIPP’s...
Private Equity Funds To Raise $2 billion for India Investment
Live Mint reports that about two dozen private equity industry executives are making an effort to raise up to $2 billion for their new funds. The list includes former Carlyle Group managing director Mahesh Parsuraman and former India Value Fund Advisor partner Sunil Vasudevan’s Amicus Capital; former KKR India director...
World Bank Supports India's Solar Energy Program
The World Bank Group signed an agreement with the International Solar Alliance to provide $1 billion support to Indian solar energy projects. Led by India, this Alliance consists of 121 countries and was launched at the UN Climate Change Conference in Paris end-November last year, by Prime Minister Narendra Modi and French...