IFC partners Axis Bank for $500bn ‘blue’ loan
The International Finance Corporation (IFC) and Axis Bank have partnered for a $500 million loan to boost green and blue finance in India. This initiative aims at projects like water management and sustainable tourism, aligning with Axis Bank’s ESG goals and expanding its climate finance portfolio. Since 2020, IFC has provided over $1.9 billion in blue loans and bonds globally and continues to lay the groundwork for scaling blue finance worldwide.