IFC proposes $40m investment in Bangladesh's IDLC Finance

IFC proposes $40m investment in Bangladesh's IDLC Finance

Photo by Adrien Taylor on Unsplash

The International Finance Corporation (IFC), the private investment arm of the World Bank, has proposed to provide up to $40 million in senior financing in IDLC Finance Ltd (IDLC), the largest non-banking financial institution in Bangladesh.

In a pre-investment disclosure, IFC said the proceeds, which will be in Bangladeshi Taka equivalent, will be utilized by IDLC for supporting affordable housing finance for purchase or construction and extension of houses to individuals under low and medium income group in Bangladesh.

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