The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, is targeting an increase in its annual investments in India to $10 billion by 2030. This ambitious goal follows a substantial rise in investments, which reached $5.4 billion in the 2024/2025 fiscal year, up from $1.3 billion in FY 2021/2022. Imad Fakhoury, IFC's South Asia regional director, emphasized the organization's commitment to India, which is its largest investment destination globally, boasting a portfolio of approximately $10.3 billion. The IFC has been actively investing in various sectors, including renewable energy, urban infrastructure, and financial services, with notable investments in companies like Manappuram Finance and PNB Housing Finance. Additionally, the IFC is in discussions with Indian states to promote municipal bonds, which would allow local governments to raise funds for essential public infrastructure projects. The recent commitment of $60 million for water and wastewater projects in Visakhapatnam marks a significant step in this direction, aiming to develop the underutilized market for municipal commercial bonds in India.