Original disclosure @ DFC website
Updated in EWS Oct 30, 2022
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According to DFC, the proposed investment will be used to provide student loan financing to Indian students seeking educational opportunities. The Company provides education loans to Indian students, primarily for graduate studies, within and outside the country.
U.S. Nexus: WorldBusiness Capital, Inc (WBC)
Foreign Sponsors: Warburg Pincus, LLC through Olive Investments Ltd. and International Finance Corporation (IFC)
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Avanse Financial Services Limited||Client||-|
|-||-||-||-||International Finance Corporation (IFC)||Investor||-|
|-||-||-||-||Olive Investments Ltd.||Investor||-|
No contact information was provided at the time of disclosure.
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability