GCF GEFF Regional - Extension (EBRD-51247)

Countries
  • Armenia
  • Egypt
  • Georgia
  • Jordan
  • Moldova
  • Mongolia
  • Morocco
  • Serbia
  • Tajikistan
  • Tunisia
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
  • Green Climate Fund (GCF)
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
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
Jul 24, 2019
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.
Borrower
Local financial institutions
The holder of the loan, grant, or other investment.
Sectors
  • Finance
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)
$ 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.
Project Cost (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 6, 2019

Disclosed by Bank Jun 20, 2019


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Project Description

According to the Bank's website, this project is an extension of the GCF-GEFF Regional Framework (see related projects). The extension will provide financing to qualifying local financial institutions in the eligible countries for on-lending to private sector entities for climate change mitigation and climate change adaptation investments. 

All recipient financial institutions will have to comply with the environmental and social standards of the European Bank for Reconstruction and Development. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
  • Green Climate Fund (GCF)

Finance from the European Bank for Reconstruction and Development will be co-financed with the Green Climate Fund, with up to USD 100,000,000. 

Contact Information

No contact information available at time of writing. 

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.