 "Illustration by Ajay Mohanty")
India may be a major receiver of development finance soon as updated laws for the sector allowing greater funds were unveiled by the US last week, David Bohigian, executive vice-president of the OPIC (Overseas Private Investment Corporation) said on Tuesday.
The US Senate passed the BUILD Act (Better Utilization of Investment Leading to Development) earlier this month, that is set to create a new US government agency — the US International Development Finance Corporation.
The latest change will combine the OPIC and the US Agency for International Development's Development Credit Authority, allowing development finance capabilities go up to $60 billion,
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