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US Financial Body to Invest USD 54 Million in India

Published on December 26, 2020
Current Context: The United States International Development Finance Corporation (DFC) will be investing USD 54 million in India.
US Financial Body to Invest USD 54 Million in India
  • The investment is done to support the development of critical infrastructure projects in India.
  • The investment will be done in equity for the National Investment and Infrastructure Fund (NIIF) of India.
  • NIIF will utilize this fund to address economic issues and conduct development activities in India.
  • The funds will also be useful to develop the partners in the Indo-Pacific.
  • The funds from DFC will help NIIF to invest in infrastructure projects which will lead to the sustainable growth of the Indian economy.
  • Static Part: 
    • HQ of NIIF: Mumbai

Question: 

Q.1 Which of the following organisation to invest USD 54 million in the equity of NIIF to conduct infrastructure projects in India?
a. United States Agency for International Development (USAID)
b. United States International Development Finance Corporation (DFC)
c. Asian Infrastructure Investment Bank (AIIB)
d. Asian Development Bank (ADB)
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