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Recent Current Affairs related to IFC

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1 July 2026 ECONOMY

The World Bank has approved $1.5 billion (₹14,300 crore) in financing to support India's structural reforms aimed at accelerating private sector-led job creation.

This funding is provided under the 'Boosting Job Creation in the Private Sector Development Policy Financing (DPF) Operation'. The initiative aims to generate quality employment opportunities for the 11 million young individuals who enter the Indian workforce annually.

12 June 2026 BUSINESS

The International Finance Corporation (IFC), an arm of the World Bank Group, along with global investors, has committed $105 million to Hygenco Green Energies Pvt Ltd to accelerate green hydrogen development in India.

This marks the first direct green hydrogen investment in India for the IFC, Siemens, and Fullerton. The total funding includes $50 million from the IFC, $25 million from Siemens, and up to $30 million from Fullerton.

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