LG II (IFC-602073)

Regions
  • World
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
Jan 30, 2018
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
Off-Grid Lighting Association
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.79 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)
$ 7.79 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 13, 2019

Disclosed by Bank Feb 7, 2019


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Project Description

Through the project, IFC will help maintain and develop market based approaches for off-grid lighting and energy products globally through provision of market information, targeted advisory services to Pay As You Go (PAYGO) companies, and select off grid manufacturers and distributors. In partnerships with the Off-Grid Lighting Association (GOGLA) and CGAP, IFC will work with industry and investors towards a PAYGO performance, reporting and measurement framework to increase transparency and eventually unlock capital for the sector. IFC will help sustain adoption of off-grid quality standards (IEC 62257-9-5), which IFC helped create. It will do so by promoting these standards with Chinese manufacturers. It will preserve the standards through its partnership with CLASP, the leading resource for appliance energy efficiency policies, which is implementing the standards across several governments globally. The program will also continue to provide market insights and intelligence through its research activities to inform the industry’s strategy and business plans. IFC will leverage its ten-year experience in the private sector off-grid markets to endorse market-based approaches to development partners related to the design and implementation of their off-grid programs.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure

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/