Kerala Infrastructure Investment Fund Board Green Capacity Building (IFC-606424)

  • South Asia
Geographic location where the impacts of the investment may be experienced.
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
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
  • 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
Jul 7, 2021
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.
Kerala Infrastructure Investment Fund Board
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
  • Infrastructure
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)
$ 0.42 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 2, 2022

Disclosed by Bank Oct 31, 2022

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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 IFC, the proposed project builds upon approach of the IFC Cities Platform model, providing tailored advisory support to the Kerala Infrastructure Investment Fund Board (KIIFB). It is one of IFC’s first such engagements in India and reflects the importance of supporting the greening of local infrastructure by engaging with subnational entities, including municipalities and cities, as well as state-level entities.

The project covers the following components:

- Component 1 - E&S Capacity Building: IFC will help improve KIIFB’s capacity to address environmental and social (E&S) risks. This includes the assisting in the development of Environmental and Social Management Plans (ESMPs) and Environmental and Social Management Systems (ESMSs), including gender-based violence and harassment (GBVH), a building code compliance review and a chlorine leak risk assessment for water treatment plants.

- Component 2 - Green Finance Framework: IFC will accompany KIIFB in designing a Green Finance Framework to help it attract green financing and support KIIFB on getting a second opinion on the framework to confirm alignment with the Green Loan Principles and Green Bond Principles. A Green Finance Framework and its application can demonstrate to the market the integrity of KIIFB in and commitment towards green financing by establishing transparent guiding principles for the selection and evaluation of projects.

- Component 3 - Resilience: IFC will help mainstream climate resilience considerations into KIIFB’s operations. Amongst others, this will be achieved through helping the development of an overarching Climate Resilience Policy, promoting the inclusion of climate resilience information into KIIFB’s project appraisal and funding process, conducting a series of general climate and sector-specific trainings to engineering teams, as well as developing a climate information depository.

IFC also provides advice to facilitate the certification of several hospitals as green buildings, using IFC’s own certification tool EDGE and a third-party certification process. Related activities are led by IFC’s EDGE Green Buildings Program and through a separate project.

The overarching objectives of the project are as follows: IFC aims to help KIIFB strengthen its Environmental & Social risk management practices, in line with IFC’s Performance Standards. Moreover, IFC aims to build KIIFB’s capacity for financing green and resilient infrastructure projects in the future. This includes helping KIIFB integrate climate resilience considerations into its project pipeline, as well as helping it to develop a Green Finance Framework in line with international good practices. Overall, it is thus expected that the project will help send a strong market signal that Green financing is possible at the State level in India. It will further help KIIFB establish itself as the primary state vehicle for funding green/climate-compatible and resilient infrastructure in Kerala State.


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

KIIFB is the designated primary entity for financing all large public infrastructure projects in Kerala, with a major portion of its pipeline allocated to urban infrastructure. In addition to financing, KIIFB also has a mandate to appraise projects and oversee construction, whilst the projects themselves are implemented and operated by other State agencies and related entities.

Contact Information
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No contact details provided at the time of disclosure.


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