Early Warning System

Countries

Palestine, West Bank, Gaza

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

Specific Location

West Bank and Gaza

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

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

Proposed

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."

Voting Date

Jul 17, 2024

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Participating Financial Institutions

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

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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 27.85 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.
Currency conversion note:
Bank reported 25.93
Converted using 2024-06-17 exchange rate.

Project Cost (USD)

$ 27.85 million

Bank Documents

Translation: Green Economy Financing Facility (GEFF) Framework -WB&G (Arabic)

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 20, 2024

Disclosed by Bank Jun 17, 2024

Contribute Information
Can you contribute information about this project?
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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, the Green Economy Financing Facility (GEFF) Framework will provide up to EUR 25.9m in the form of senior unsecured loans to Participating Financial Institutions ("PFI") including banks, MFIs and potentially leasing companies. The framework will target gender responsive on-lending to private MSMEs and residential sub-borrowers, which will invest in small-scale renewable energy, water, energy and resource efficiency projects, including the circular economy concept. The GEFF Framework will also support relevant green technology supply chains in WB&G (including for residential purposes). The Framework loans will be funded by the WB&G Trust Fund, and the technical assistance/investment grants will be funded by the European Union through the Sustainable Growth4All Program signed in December 2023.

To help MSMEs address the issues of restricted access to capital, limited internal technical skills, and conservative management practices preventing them from investing in innovations and in adopting high-performing technologies and solutions, EBRD is launching the GEFF Framework which will support these MSMEs and the PFIs by offering financing and know-how for investments in small-scale renewable energy, water, energy and resource efficiency projects, including the circular economy concept, and support of relevant green technology supply chains in WB&G, in a gender responsive way.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised FI (ESP 2019).

Investment Description

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

European Bank for Reconstruction and Development (EBRD)

Up to EUR 25.9m in the form of senior unsecured loans to Participating Financial Institutions ("PFI").

Each of the Framework's sub-operations will be accompanied with a technical assistance package to support programme implementation in the form of support to PFIs and eligible sub-borrowers, via gender responsive green financing product development and implementation, identification and appraisal of potential investment sub-projects and verification of their implementation.

The technical assistance will be funded by the European Union through the Sustainable Growth4All Program signed in December 2023.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Participating Financial Institutions ("PFI") including banks, MFIs and potentially leasing companies.

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