The proposed Project aims at mobilizing concessional finance from the Green Climate Fund (GCF) to promote the efficiency in the production and use of energy in Argentina, in order to contribute to the reduction of greenhouse gas (GHG) emissions and the creation of a more conductive financing environment for investing in sustainable energy (SE) projects in the long term. GCF reimbursable resources will be channeled through a sovereign loan to the Republic of Argentina and will be executed by the Banco de Inversión y Comercio Exterior S.A.(BICE)3 , Argentina’s national development bank (NDB), and blended with BICE’s own resources to provide financing at adequate terms and conditions for small and medium enterprise (SME) 4 sub-projects in specific SE technologies (biomass, biogas and energy efficiency).
For more information about this project, contact:
Gloria Visconti, Climate Change Lead Specialist, Climate Change and Sustainability Division: GLORIAV@iadb.org; +1 202-623-3360 ; 1300 New York Avenue, N.W., Washington, D.C. 20577, USA
Maria Netto, Lead Financial Markets Specialist, Capital Markets and Financial Institutions Division: MNETTO@iadb.org; +1 202-623-2009; 1300 New York Avenue, N.W., Washington, D.C. 20577, USA
ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND
The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at email@example.com.