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A USD 135m loan to support solar rooftop projects in India

Azure Power's CEO
The USD 135m loan was signed by a syndicated pool of lenders led by IFC, which is providing USD 45m, with contributions of Proparco (USD 40m), FMO (USD 30m) and OeEB, the Development Bank of Austria (USD 20m). The recipient of the loan is Azure Power, one of the largest solar developers in India. The transaction aims to finance the deployment of about 175 MW of solar capacity on 500+ rooftops of commercial, industrial and government clients in the country. With Azure Power, Proparco is signing its first solar rooftop facility.
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2X Challenge - The G7 development finance institutions (DFIs) commit to mobilize $3 billion dollars to invest in the world’s women

2X Challenge
A major new commitment was announced today by the development finance institutions (DFI) of the G7 to mobilize US $3 billion by 2020 for investment in business activities that will benefit women.

The 2X Challenge: Financing for Women is an ambitious target that calls on DFIs to mobilize their own funds, as well as private capital, to unlock resources that will help advance women as entrepreneurs, as business leaders, as employees and as consumers of products and services that enhance their economic participation.
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