CHINA CLIMATE EXIMBANK FRAMEWORK LOAN (EIB-20160499)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
China EximBank
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Energy
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Oct 6, 2017

Disclosed by Bank Sep 21, 2017


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Project Description
The proposed framework loan aims to finance diverse sizes of sub-projects eligible under the Bank's own-risk, Climate Action and Environment Facility (CAEF), with a strong focus on climate change mitigation and adaptation. This operation would be a sovereign loan, which will be on-lent by China's main policy bank, Eximbank, as a financial intermediary, to sub-projects in 2017-2020. OBJECTIVES The proposed operation contributes to the EU priorities and country development objectives under the EU-China 2020 Strategic Agenda for Cooperation and the EU-China Partnership on Climate Change 2015, in particular regarding enhancing the EU-China's strategic and partnership cooperation on climate change and environmental protection. The EIB is expected to provide significant added value to the growth of the financial intermediary's portfolio related to climate change mitigation and adaptation, sustainable water use and environmental protection.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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