IFC partners with Axis Bank to provide USD 500 mln climate loan

New Delhi [India], October 7 (ANI): The International Finance Corporation (IFC), a member of the World Bank Group, is partnering with private lender Axis Bank to provide a USD 500 million loan aimed at developing a blue finance market and scaling up green project financing in India.

According to a joint statement from IFC and Axis Bank, this marks IFC's first blue investment in India and the first blue transaction by a fi