Pioneering Municipal Finance: IFC's Historic Investment in Visakhapatnam
Published on: Sept. 8, 2025, 8:34 p.m. | Source: Devdiscourse
The International Finance Corporation (IFC) has signed a historic USD 60 million financing agreement with Greater Visakhapatnam Municipal Corporation, marking India's first direct municipal financing without a sovereign guarantee. The investment will overhaul sanitation infrastructure in Visakhapatnam, improving public health and supporting urban development.
