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IFC Supports SeABank to Issue Vietnam's First Blue Bond, Boost Climate Finance
Additionally, IFC's $75 million loan to SeABank is aimed at promoting financial inclusion through boosting financing for SMEs, including women-owned businesses.
" ," said Le Thu Thuy , Vice Chairwoman of SeABank BOD.
Alongside the investment, IFC will advise SeABank on adopting green and blue bond frameworks, while helping SeABank identify eligible green and blue assets and develop a pipeline.
" ," said Thomas Jacobs , IFC Country Manager for Vietnam , Cambodia , and Lao PDR. " ."
Two parties have partnered since 2021 to expand SMEs lending via tailored products, increase climate finance access and international trade. With IFC's support, SeABank could develop an integrated ESG framework and prioritize funding for green projects, thereby promoting climate change mitigation and resource efficiency.
View original content: https://www.prnewswire.co.uk/news-releases/ifc-supports-seabank-to-issue-vietnams-first-blue-bond-boost-climate-finance-302180539.html