GBI (IFC-600084)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
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
Apr 17, 2015
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
Government of India
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 4.78 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 4, 2017

Disclosed by Bank Feb 19, 2016


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Project Description
The program is designed as a multi-city and multi-stakeholder approach and collaboration with IFC's development partners under a single, comprehensive program. The project principally targets the multi-family housing sector in several Indian cities. Other building sectors, such as hotels, retail and hospitals will be targeted in some cities, depending on market conditions and government priorities. This Program is focused on increasing the uptake of green building finance and acceptance of voluntary green building standards in at least five cities, with the goal to achieve a significant penetration of green buildings in new construction. The program is aligned with Govt of India's priorities on energy efficiency and national determined contributions (NDCs).
People Affected By This Project
The main objective of this project is to promote sustainable urbanization through green buildings in India. The program targets to promote adherence to green building standards resulting in high levels of penetration in new build - specifically, new commercial buildings and multi-family residential units in target cities within 7 years of project commencement.
Investment Description
  • International Finance Corporation (IFC)
Advisory Services Project
Contact Information
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/