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GREEN initiative (Global Action for Reconciling Economic growth and Environment preservation) is launched by which of the following organisation?
  • a)
    World Bank
  • b)
    International Monetary Fund
  • c)
    Bureau of Energy Efficiency
  • d)
    Japan Bank for International Co-operation
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
GREEN initiative (Global Action for Reconciling Economic growth and En...
In News- NTPC Ltd entered into a loan agreement with Japanese Government for JPY 50 billion (approx. USD 482 million) under Japan Bank for International Cooperation (JBIC)’s GREEN initiative.
Option D is correct: GREEN initiative stands for Global Action fo r Reconciling Economic growth and Environment preservation initiative. The facility is extended under JBIC's outreach for projects, which ensure the conservation of the global environment. JBIC will provide 60 per cent of the facility amount and the balance will be given by commercial banks (viz., Sumitomo Mitsui Banking Corporation, the Bank of Yokohama Ltd, the San-In Godo Bank Ltd, the Joyo Bank Ltd, and The Nanto Bank Ltd), under the JBIC's guarantee. 
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GREEN initiative (Global Action for Reconciling Economic growth and Environment preservation) is launched by which of the following organisation?a)World Bankb)International Monetary Fundc)Bureau of Energy Efficiencyd)Japan Bank for International Co-operationCorrect answer is option 'D'. Can you explain this answer?
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