Original disclosure @ ADB website
Updated in EWS Jun 25, 2020
Disclosed by Bank Sep 23, 2019
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According to the bank document, ADB proposes a financial intermediation loan in an amount of $200 million to Bank of Xingtai, a regional bank, in Hebei Province, to pilot a successful green finance bank model. The proposed project will provide critically needed long-term debt at concessional rate to compensate for the subproject negative externalities and incentivize the regional bank's green finance lending. An attached transaction technical assistance (TRTA) will help Bank of Xingtai strengthen its institutional capacities.
The proposed project intends to establish a demonstrative bank model, sharing relevant knowledge and experiences, enhancing the awareness, and reshaping the mindsets of both lenders and borrowers. In summary, the overall assistance package (loan and TRTA) should greatly facilitate the improvement of BTH's environmental condition.
Loan: Bank of Xingtai Green Finance Development Project US$ 200.00 million
Hebei Finance Bureau
24 Kangle St.
People's Republic of China 050051
Hebei Provincial Government
Hebei Provincial Finance Bureau
48 South Zhonghua St Shijiazhuang 050051
Hebei Province, People's Rep of China
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main