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IFC Invests $150 Million in Green Bonds in Philippines

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The first green bond launched by a commercial bank in the Philippines has attracted a $150 million (~₹9.65 trillion) investment from a World Bank Group member. The International Finance Corporation (IFC) made the investment in a green bond issued by BDO Unibank Inc, the largest bank in the Philippines, to help expand financing for private sector investments that address climate change.

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