IFC highlights focus on India

According to The Hindu Business Line, India is expected to remain IFC's top region for the fiscal year ending June 2012, a period for which it has approved funding of $10 billion. Its India-specific portfolio accounted for $3.77 billion as of June.

Following the market in terms of allocation is Brazil, which accounts for 6.2% of IFC's portfolio; Russia, with 6%; Turkey, with 5.7%; and China, which claims 5.6%.

In addition, sources suggested that IFC is looking to ramp up its loan activities to private firms in the market. This comes as businesses struggle to borrow capital amid market uncertainty and a weak rupee.

This has also opened a window to private equity in general, which has seen a 31% rise in activity in the first three quarters of 2011 from a year earlier, according to KPMG. Last week, Akhil Gupta, the Blackstone's India chairman, averred that the firm would annually inject $500-720 million into India over the next few years in support of the market.

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• Topics
• South Asia
• IFC
• India