Working group meeting on finance facility with World Bank held

The Goan Network | SEPTEMBER 17, 2024, 01:20 AM IST

PANAJI

Aleixo Sequeira, Minister for Environment and Climate Change, chaired the meeting of First Working Group Committee Meeting organised by Government of Goa and the World Bank to discuss the operationalisation of the Goa Blended Finance Facility on Monday at Goa Secretariat, Porvorim.

This critical session focused on key decisions related to the governance structure, intermediary operations, and strategic direction of the facility. Also the creation of a Special Purpose Vehicle (SPV) for managing financial risks, the registration of Alternative Investment Funds (AIFs), and other pivotal issues around capital mobilization for sustainable infrastructure in Goa was deliberated in the meeting.

The meeting was attended by Dr. V. Candavelou, IAS, Principal Secretary (Finance) and other Working Group Committee members.

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