AIIB to provide $100 million to L&T Infra for clean energy play
The Asian Infrastructure and Investment Bank is proposing to create a $500 million managed credit portfolio as part of its ‘sustainable capital markets’ initiative, said its vice president for policy and strategy Joachim Von Amsberg.
“Sustainable capital markets initiative will encourage private sector financing for infrastructure and other productive sectors through capital market instruments,” he said.
An Asia Environmental, Social and Governance(ESG) index would be floated as part of the plan, Courtney Lowrance, principle environment specialist with the bank told ET.
