International Finance Corporation, the private sector financing arm of the World Bank Group, has proposed to provide a $15.75 million debt financing to NSL Renewable Power. NSL plans to build a 40-megawatt wind farm in Maharashtra, India.
World Bank Group
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The International Finance Corporation is looking to sell rupee-denominated bonds for the second time. The World Bank investment arm raised INR1,000 crore in its first rupee-bond issue.
Jim Yong Kim, World Bank Group President, says that there is still risk present even as China reaches and surpasses its 2013 growth target.
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