International Finance Corporation (IFC), a member of World Bank Group, committed to invest US$150 million of green bonds issued by PT Bank OCBC NISP. Executive Director of IFC Philippe Le Houreou said on Wednesday (Aug 1) that IFC will discuss with other banks and private sectors to issue the green bonds. This green bonds has five-year tenor and will be alternative financing for environmentally friendly projects. This instrument is expected to help the government to achieve gas emission reduction by 29% by 2030.
