HDFC borrows USD 400 million from IFC for financing green affordable housing

HDFC borrows USD 400 million from IFC: As part of their efforts to promote climate goals, the International Finance Corporation (IFC) has provided a loan to mortgage giant HDFC in the amount of USD 400 million for the financing of green, affordable housing units.

December 2022 Current Affairs Quiz

In separate statements released, HDFC and IFC claimed that the loan would increase green housing, help close the urban housing gap, increase access to affordable climate-smart homes, and support the country’s transition to a more sustainable growth path while also generating jobs and ensuring long-term business growth.

Static/Current Takeaways Important For All Exam 2022:

HDFC Headquarters: Mumbai, India

HDFC Chairman: Shyamala Gopinath

IFC Headquarters: Washington D.C., USA