US body to invest 54 million USD in India
India
Published: Wednesday, December 23, 2020, 12:58 [IST]
New Delhi, Dec 23: An American financial corporation on Tuesday announced that it will invest USD 54 million in India to support the development of critical infrastructure projects in the country in the wake of the COVID-19 pandemic. India is one of the fastest growing countries in the previous three decades, but it suffers from a significant infrastructure deficit, holding back further growth for the country especially in the wake of COVID-19, US International Development Finance Corporation (DFC) said.
It said it will invest USD 54 million in equity for the National Investment and Infrastructure Fund (NIIF) in India to support the development of critical infrastructure projects. The financing is part of NIIF s final round of fund-raising for the fund.
2212 An American financial corporation has announced to invest USD 54 million in India to support the development of critical infrastructure projects in the country. Tribune photo.
Washington, December 23
An American financial corporation has announced to invest USD 54 million in India to support the development of critical infrastructure projects in the country in the wake of the COVID-19 pandemic.
India is one of the fastest-growing countries in the previous three decades, but it suffers from a significant infrastructure deficit, holding back further growth for the country especially in the wake of COVID-19, the US International Development Finance Corporation (DFC) said on Tuesday.
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Coalition MKs watch the final moments of the 23rd Knesset tick away in the Knesset plenum on December 23, 2020. (Knesset spokesperson)
1. Act surprised: The coalition that for months was as stable as a jenga tower on a waterbed in an earthquake has collapsed and Israel is heading back to the ballot box.
Despite the fact that the coalition survived for seven months, Israeli media is still hyping the upcoming vote as “round 4,” after two inconclusive elections dating back to April 2019 and the third one that birthed the Netanyahu-Gantz power not-so-sharing deal.
“Again: Elections,” reads a massive headline on Yedioth Ahronoth’s front page, noting that “now it’s official.”
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The Kingdom of Morocco and the United States of America signed in Rabat, on Tuesday, December 22, 2020, two cooperation agreements to promote investments in Morocco and Africa, during the visit of the high-level US-Israeli delegation.
The first agreement, a memorandum of understanding between the Government of the Kingdom of Morocco and the United States International Development Finance Corporation (DFC), was signed by Mohamed Benchaaboun, Minister of Economy, Finance and Administration Reform and Adam Boehler, CEO of the US International Development Finance Corporation.
This memorandum of understanding plans to provide financial and technical support to private investment projects, amounting to USD 3 billion, in Morocco and the countries of sub-Saharan Africa, in coordination with Moroccan partners.