UK's BII, ILX Mgmt ready $500 mn for renewables, infra
Mint Mumbai|October 17, 2023
British International Investment (BII), the UK government's development finance institution (DFI), and ILX Management, a Netherland-based debt market fund, have together agreed to commit $500 million to finance sustainable development projects in low-income countries.
Malvika Maloo
UK's BII, ILX Mgmt ready $500 mn for renewables, infra

The two firms will provide loans to projects in Africa, Asia, and the Caribbean in sectors spanning renewable energy, infrastructure, financial services, manufacturing and agribusiness.

“This partnership has been driven by our shared view of the need to invest to meet the Sustainable Development Goals," Nick O’Donohoe, chief executive officer (CEO), BII, said in a statement.

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