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India’s First Blue Loan
October 13 , 2024
40 days
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- The International Finance Corporation (IFC), has partnered with Axis Bank to provide a $500 million loan aimed at scaling up green finance and developing the blue finance market in India.
- This marks IFC's first blue investment in the country and the largest green financing by the institution.
- Blue loans are designated for projects in areas like water and wastewater management, marine plastic reduction, sustainable tourism, and the offshore renewable energy.
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