Facts for Prelims (FFP)
Source: PIB
Context: The Government of Goa and the Power Finance Corporation (PFC) have signed a Memorandum of Understanding (MoU) to support climate ambitions through a Blended Finance Facility, in partnership with the World Bank.
- This initiative aims to promote low-carbon, climate-resilient development.
A blended finance facility (BFF) is a program that uses development finance to attract commercial capital for projects that contribute to sustainable development. Blended finance can also help to raise capital for projects that are difficult to fund.
