Green Cornerstone Bond Fund Support Program (GCB Fund-SP) (IFC-602540)

  • World
Geographic location 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
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
Mar 1, 2019
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.
  • Finance
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 25, 2020

Disclosed by Bank Jul 17, 2020

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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.

This project is part of IFC Green Bond Technical Assistance Program or the GB-TAP, a multi-donor funded technical assistance program that aims to create markets for green bonds in the emerging markets by addressing a key market barrier that currently exist between investors, mostly in developed markets, and issuers in developing countries, the latter of which often suffer from a lack of financing for their transition to the low carbon economy. Under this project, IFC creates green bond-related global public goods through training, initiatives to enhance quality of information disclosure from green bond issuers to investors and broader communication activities to share knowledge, promote green bonds and disseminate the Green Bond Principles.

This project has 4 components:

  • Component 1 - Training: to create, disseminate and provide green bond training programs to issuer financial institutions active in the emerging markets and, potentially, other key stakeholders;
  • Component 2 - Green Bond Principles Dissemination: to promote and foster good standards of green bonds in line with the Green Bond Principles;
  • Component 3 - Enhancing Issuer Reporting: to improve quality of information disclosure from green bond issuers to investors; and
  • Component 4 - Knowledge Sharing: to organize a series of knowledge sharing events and to develop research and case studies.


People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

This project will create global public goods to stimulate the supply of green bonds issued by financial
institutions active in the emerging markets. The green bond proceeds will be used to finance green
projects and, thus, contribute to the transition of these countries to the lowcarbon economy

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

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.

**Project contacts not available at the time of disclosure.**



You can submit a request for information disclosure at:

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.


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 You can learn more about the CAO and how to file a complaint at

How it works

How it works