IFC proposes $40m blue loan to China's Bank of Qingdao

Photo by Hiroko Yoshii on Unsplash.

World Bank Group member International Finance Corporation (IFC) is considering a $40-million investment in a syndicated senior blue loan for Bank of Qingdao, a Hong Kong- and Shenzhen-listed commercial bank.

Blue loans are instruments that earmark funds exclusively for ocean-friendly projects and protecting critical clean water resources.

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