Translated version of this PSD: Arabic
Provision of a senior loan to BLOM Bank SAL under the Green Economy Financing Facility (GEFF) Lebanon.
Increase financing by BLOM Bank of projects for energy efficiency, renewable energy, and resource efficiency in Lebanon to contribute to the creation of a demand-driven, self-sustaining market for investments in high-performance technologies and services supporting a green economy.
Supporting BLOM Bank in sustainable lending for green projects in Lebanon and associated capacity-building.
BLOM BANK SAL
BLOM Bank is the second-largest bank in Lebanon with assets of USD 38.4bn at June 2019.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (ESP 2014). Through the existing Trade Finance Facility, BLOM Bank is required to comply with PRs 2, 4 & 9. The Bank will further implement and comply with the Corporate-SME Micro loan procedures for the GEFF loan and is in the process of developing an E&S tool that will become an integral part of the credit approval process. Beneficiaries financed through the GEFF are required to comply with national requirements for environment, health and safety and labour standards and the EBRD's eligibility criteria for energy efficiency and renewable energy projects. This will be confirmed to BLOM Bank by a Project Consultant engaged by the EBRD to assess project eligibility. The Project is consistent with the GET approach, with a GET share of 100%.
BLOM Bank is required to submit annual environmental and social reports to the EBRD utilizing the on-line Sustainability Index for E&S performance and progress monitoring.
Consultancy assignment to support the origination, assessment, and implementation of eligible investments.
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Text of the PIP
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.