Recently, which international financial institution approved $1.5 billion financing for India under the "Boosting Job Creation in the Private Sector D

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Recently, which international financial institution approved $1.5 billion financing for India under the "Boosting Job Creation in the Private Sector Development Policy Financing" operation?

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The correct answer is Option D: World Bank. The World Bank approved $1.5 billion financing for India on 18 June 2026 under the Boosting Job Creation in the Private Sector Development Policy Financing (DPF) Operation. Development Policy Financing (DPF) is a World Bank instrument that provides budget support for policy and institutional reforms rather than funding a single infrastructure project. The financing supports reforms in taxation, trade, investment, labour regulation, entrepreneurship, and access to capital. India consolidated 29 central labour laws into four Labour Codes in November 2025 to simplify the labour regulatory framework. The four Labour Codes are the Code on Wages, Industrial Relations Code, Code on Social Security, and Occupational Safety, Health and Working Conditions Code. The World Bank was established in 1944 at the Bretton Woods Conference and is headquartered in Washington, D.C., United States. The World Bank’s Board of Executive Directors is responsible for approving lending operations and policy-based financing for member countries.

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Asian Development Bank

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International Monetary Fund

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New Development Bank

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Asian Infrastructure Investment Bank

Recently, which international financial institution approved $1.5 billion financing for India under the "Boosting Job Creation in the Private Sector Development Policy Financing" operation?

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Recently, which international financial institution approved $1.5 billion financing for India under the "Boosting Job Creation in the Private Sector Development Policy Financing" operation?

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