Polish Residential EE Framework (EBRD-47633)

Countries
  • Poland
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
Bank Risk Rating
FI
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.
Voting Date
Feb 24, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 220.33 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 200,000,000.00
Converted using 2016-02-24 exchange rate.
Project Cost (USD)
$ 220.33 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 200,000,000.00
Converted using 2016-02-24 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 3, 2017

Disclosed by Bank Jan 15, 2016


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Project Description
The EBRD is setting up the Poland-REFF to provide existing and new private participating financial institutions (PFIs) with credit resources in combination with comprehensive TC support packages. The Bank will extend loans to PFIs on terms reflecting their individual credit risk. In turn, PFIs will on-lend EBRD funds on market terms to private sector sub-borrowers to finance eligible energy and resource saving projects in residential buildings.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
The facility will be supported by a donor-funded Technical Cooperation package of up to EUR 2.5 million provided by a project consultant. The initial amount of EUR 1 million TC is provided by the EBRD Shareholders Special Fund.
Contact Information
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, 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.