Mumbai: Targeting to source funds from the multilateral agencies for financing infra projects, the government has decided to invest $4.3 billion in World Bank bonds.
Disclosing the information, Manish Terwari, Information and Broadcasting Minister said, “The Reserve Bank of India will invest bonds floated through a World Bank’s lending arm, the International Bank for Reconstruction and Development.
According to the officially disclosed information, the bonds belonging to various tenures will also gain RBI return on investments. “India will be able to accelerate this to get larger funds for investing in infrastructure projects,” added Tewari.
Contact Info : - http://www.epcworld.in/epcnews/cabinet-agrees-investing-4-3-bn-world-bank-bonds.aspx
Disclosing the information, Manish Terwari, Information and Broadcasting Minister said, “The Reserve Bank of India will invest bonds floated through a World Bank’s lending arm, the International Bank for Reconstruction and Development.
According to the officially disclosed information, the bonds belonging to various tenures will also gain RBI return on investments. “India will be able to accelerate this to get larger funds for investing in infrastructure projects,” added Tewari.
Contact Info : - http://www.epcworld.in/epcnews/cabinet-agrees-investing-4-3-bn-world-bank-bonds.aspx