IFC Granted loan to HDFC Ltd

Current Context: The World Bank Group’s investment arm named International Finance Corporation (IFC) has provided a loan to HDFC Ltd.

• The IFC has offered a loan of $250 million (Rs 1875 crore) to HDFC Ltd.
• The loan was offered to promote affordable green housing finance for low and middle-income borrowers.
• The IFC supported HDFC Ltd in its green affordable housing portfolio which aims to improve accessibility to offer green housing to the low-income group of the country.
• Green housing is termed to be the luxury market but it has climate benefits.
• The green affordable housing portfolio of HDFC Ltd is in line with GOI’s ‘Housing for All’ goal.
• The funds from IFC will also help to create job opportunities and will help India to maintain its commitment under the Paris Agreement to reduce carbon emissions.
• Static Part: 
• HQ of HDFC Ltd: Mumbai, Maharashtra
• MD and CEO of HDFC Ltd: Sashidhar Jagdishan
• Tagline of HDFC Ltd: We understand your world
• HQ of IFC: Washington, D.C., U.S

Question: 

Q.1 Which entity offered a loan of $ 250 million to HDFC Bank to support its green affordable housing portfolio initiative upto the low-income group?
a. Organisation for Economic Co-operation and Development
b. International Finance Corporation (IFC)
c. European Investment Bank
d. Asian Development Bank