The Government of Goa has announced a groundbreaking partnership with the World Bank to establish a pioneering Blended Finance Facility (BFF) aimed at bolstering climate resilience.
Banking & Finance
The Government of Goa has announced a groundbreaking partnership with the World Bank to establish a pioneering Blended Finance Facility (BFF) aimed at bolstering climate resilience. The announcement of the Blended Finance facility was made during the 2024 edition of the World Bank's India Climate and Development Partners' Meet, a prestigious annual conference held in Panaji from February 19 to 21, 2024. This conference serves as a platform for thought leaders and changemakers in the climate sector to convene and collaborate on pressing climate challenges. Aligned with the state's vision of "Samruddhi, Santulan, and Suramyata" as outlined in Viksit Goa 2047, the facility will support the operationalization of Goa's State Action Plan on Climate Change (2023-2033).
Under the framework of the Blended Finance facility, the Department of Environment, Government of Goa, signed MoUs with key financial institutions, including NABARD, the Small Industries Development Bank of India (SIDBI), and the Power Finance Corporation (PFC).
Founded- July 1944; HQ- Washington, D.C., United States
President- Ajay Banga
____________________________
