Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Egypt
Morocco
Turkiye

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Regional

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Industry and Trade
Law and Government
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Grant

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 0.30 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 0.30 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 16, 2026

Disclosed by Bank Apr 22, 2026

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, Egypt, Morocco, and Turkiye (referred hereafter as the "targeted countries") are known for their rich cultural heritage, natural landscapes, and extensive coastlines, relying heavily on tourism for economic growth, employment, and international trade. Coastal tourism is especially vital, supporting a range of industries, including hospitality, real estate, retail, and transportation. The Mediterranean, Red Sea, and Atlantic coasts are integral coastal tourism hubs for these countries, attracting millions of annual visitors.

Each target country has developed national policies aimed at fostering green transformations and reducing the environmental impact of the tourism sector. These domestic policies and strategic plans further align with the objectives of the Global Environment Facility's (GEF) new global initiative i.e., Integrated Collaborative Approaches for Sustainable Tourism (or "iCOAST") programme, which aims to drive change in the tourism sector by creating an enabling policy and regulatory environment.

Within iCOAST, EBRD has submitted a proposal to the GEF for the targeted countries. This initial proposal has been approved (comprising of regional Child Project proposal) and the GEF has now allocated USD 300,000 as a Project Preparation Grant (PPG) to enable the EBRD to prepare the formal CEO Endorsement Request.

The funding will be used by various teams to undertake the following assignments:

1. Hiring an external consultant for CEO Endorsement Request Document preparation as per iCOAST project design and objectives + Environmental & Social due diligence
2. Impact assessment studies
3. Stakeholder engagement (i.e., inception calls at country level)
4. Gender assessment

The TC project is aligned with the Bank's Blue Mediterranean Approach. The project design will enable the EBRD to design the full funding proposal, identify and capture lessons learnt from similar project that can be applied to similar projects in the future.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

The GEF has allocated USD 300,000 as a Project Preparation Grant (PPG).

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html