NEW DELHI: The World Bank is close to finalizing a new financing window to help countries such as India meet their infrastructure funding needs. While Global Infrastructure Financing (GIF) has been in the works for the past few months, the issue is expected to get a fresh push - likely to be the final one - when finance ministers meet in Washington for the annual meeting later this week.
The plan, which was being driven by India, will see sovereign wealth funds (SWFs) and pension funds invest in securities floated by the World Bank, which will also chip in with resources. The multilateral agency is looking to raise resources from middle income countries.
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