Current Affairs · Urban Infrastructure Funding
In September 2025, the Greater Visakhapatnam Municipal Corporation (GVMC) secured a funding commitment of ₹498 crore ($60 million) for the Madhurawada Sewerage Project. Which organization provided this financial assistance, marking its first direct municipal financing in India without a sovereign guarantee?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1New Development Bank
- 2International Finance Corporation✓
- 3Asian Development Bank
- 4NABARD
Correct answer
International Finance Corporation
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