According to bank documents, the investment involves provision of a senior loan to Société Générale de Banque au Liban (SGBL) under the Green Economy Financing Facility (GEFF) Lebanon.
The project objective is to increase the capacity of SGBL Bank to finance energy efficiency, renewable energy, and resource efficiency projects in Lebanon.
SOCIETE GENERALE DE BANQUE AU LIBAN SAL
SGBL is the 3rd largest bank in Lebanon with total consolidated assets of USD 26 billion as of December 2018.
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 firstname.lastname@example.org 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.