Fundo Clima - Brazil National Climate Fund Project (NDB-fundoclimabrazilnatio)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
FI
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.
Borrower
Government of Brazil
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Nov 5, 2019


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Project Description

The Project Fundo Clima - Brazil National Climate Fund Project is designed to support climate change mitigation and adaptation projects in Brazil. The NDB loan will be used by MMA under the Fundo Clima program for on-lending to climate change mitigation and adaption sub-projects in the sectors of urban mobility, waste treatment, renewable energy, and energy efficiency and etc. Brazilian Development Bank (BNDES) is the financial agent of this fund and is responsible for managing the fund's operations. The Project will contribute to socio-economic benefits in Brazil's priority sectors. The Project is also expected to bring crowding-in effect for climate change adaption and mitigation financing in Brazil, with a potential to mobilize an additional USD 2 billion.

Investment Description
  • New Development Bank (NDB)