What is the loan amount provided by the International Finance Corporation (IFC) to Axis Bank for blue finance and green projects in India?

### Concept & Verification Financial current affairs involving international investments (IFC/World Bank Group) in Indian private sector banks for sustainable development. ### Step-by-Step Solution * The International Finance Corporation (IFC) focuses on private sector development in emerging markets. * To support climate-friendly initiatives, IFC partnered with Axis Bank. * The partnership involves a financial commitment specifically targeted at "blue finance" (water/ocean-related sustainability) and "green projects." * The loan amount finalized for this purpose is $500 million. ### Exam Strategy & Shortcut For IFC investments in major Indian private banks (like Axis or HDFC) regarding green/blue finance, the amounts usually range in multiples of $250M. This specific prominent deal is exactly half a billion dollars ($500M). ### Common Pitfall Confusing this with smaller tranches of funding (e.g., $300 million) given by the ADB or World Bank for state-specific infrastructure projects. ### Final Answer Therefore, the correct answer is **$500 million**.