IFSCA inks MoU with Climate Policy Initiative and IIML -EIC

Current Context: IFSCA stands for International Financial Services Centres Authority, which is a regulator for offshore financial transactions in India. It has signed two MoUs with Climate Policy Initiative - India (CPI) and IIM Lucknow Enterprise Incubation Centre (IIML -EIC) on July 11, 2023.

• The MoU with CPI aims to cooperate on sustainable finance, which is critical to achieve transition to green and resilient economies and meet the climate investment needs in India.
• The MoU with IIML -EIC aims to collaborate for supporting and facilitating FinTech and TechFin entities, which are innovative startups in the financial sector.

Question:

Q.1 Which organization did IFSCA sign a MoU with to cooperate on sustainable finance?
a. Climate Policy Initiative - India
b. IIM Lucknow Enterprise Incubation Centre
c. International Solar Alliance
d. World Bank