<h1>IFC Launches $1 Billion Offshore Bond Program to Boost India's Capital Markets and Attract Foreign Investment.</h1> The International Finance Corporation (IFC) has launched a $1 billion offshore bond program, the largest in the offshore rupee market, to bolster India's capital markets and attract foreign investment. This initiative aims to deepen India's capital markets and establish a rupee benchmark globally. The program involves issuing rupee-linked bonds to finance private sector projects in India. IFC's CEO highlighted the importance of vibrant domestic capital markets for long-term, local-currency finance, essential for job creation in emerging markets. As of June 2013, India held the largest share of IFC's investment portfolio, with $4.5 billion committed.