CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

IFC has provided a loan of what amount to HDFC, to promote affordable green housing finance for low-and middle-income borrowers?

A	$250 million
B	$350 million
C	$500 million
D	$400 million

Explanation:

Detailed explanation-1: -IFC offers $400-mn loan to HDFC for financing affordable green housing in India, Energy News, ET EnergyWorld.

Detailed explanation-2: -The IFC makes loans to businesses and private projects generally with maturities of seven to twelve years. It determines a suitable repayment schedule and grace period for each loan individually to meet borrowers’ currency and cash flow requirements.

Detailed explanation-3: -IFC finances projects and companies through loans from our own account, typically for seven to 12 years. We also make loans to intermediary banks, leasing companies, and other financial institutions for on-lending.

Detailed explanation-4: -IFC lends $250 million to HDFC Ltd to boost green housing finance | Business Standard News.

Detailed explanation-5: -The International Finance Corporation or IFC, is the private sector arm of the World Bank Group and shares its mission to reduce global poverty.

There is 1 question to complete.