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IFC, Axis Bank partner on $500 million blue finance loan to boost India’s green projects | Mint

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- International Finance Corporation (IFC) partners with Axis Bank to provide a $500 million loan for green project financing in India. - This collaboration marks the IFC's first-ever blue investment in India and the country's inaugural blue loan issued by a financial institution. - Blue finance focuses on investments in water management, marine ecosystem restoration, sustainable shipping, and renewable energy. - The loan will help Axis Bank expand its climate-focused lending and contribute to the growth of India's water and wastewater treatment market and green building sector. - Axis Bank's partnership with IFC aims to strengthen standards and lending practices to boost sustainable finance in India and address the impacts of climate change. - IFC will also provide Axis Bank with advisory services to expand its green building portfolio and build capacity for impact reporting.