CRAFT - CLIMATE RESILIENCE SOLUTIONS FUND LCFP (EIB-20180513)

Regions
  • Africa
  • East Asia and Pacific
  • Latin America and Caribbean
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
LIGHTSMITH GROUP LLC
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.66 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 5 million
Converted using 2018-12-17 exchange rate.
Project Cost (USD)
$ 243.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 215 million
Converted using 2018-12-17 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 16, 2019

Disclosed by Bank Dec 12, 2018


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Project Description

The project consists of an investment fund financing climate change adaptation and climate-resilience solutions promoted by private companies in or for the benefit of develloping countries. The investment is made under the Luxembourg-EIB Climate Finance Platform trust fund. The fund aims to provide growth equity to private companies - especially in the African, Caribbean and Pacific group of States (ACP) - developing climate change adaptation and climate-resilience solutions, particularly for the benefit of developing countries and their vulnerable populations and livelihoods. The Fund, domiciled in Luxembourg, has a target size of USD 250m and is managed by Lightsmith Resilience Partners.

 

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure

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