GCF - GEFF Regional Framework

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

The Framework will consist of a financing package of up to $1,697 million, of which $1,353 million will be provided by the Bank's ordinary resources and up to $344 million by the Green Climate Fund to be deployed under Green Economy Financing Facilities in Armenia, Egypt, Georgia, Jordan, Moldova, Mongolia, Morocco, Serbia, Tajikistan, and Tunisia.

The Framework will provide financing to qualifying local financial institutions in the eligible countries for on-lending to private sector businesses, individuals, housing collectives, suppliers and vendors of high performing climate technologies and service providers for climate change mitigation and climate change adaptation investments, supporting the Green Economy Transition.

Project ID 50223

Status Approved

Location

Regional

Business Sector

Financial Institutions

Notice Type

Private

Sub-projects

GCF GEFF Regional National Bank of Egypt Green SME Loan

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 50223

Status Approved

Location

Regional

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

20 Jun 2018

Disclosure date

21 May 2018

As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.

GCF - GEFF Regional Framework (PDF, 0.17MB)

Project description

Project objectives

The Framework will contribute to creating new and/or notably scaling up existing markets for climate change mitigation and adaptation financing. By doing so, it will contribute to the strategic aim of the Bank's Green Economy Transition Approach. The Framework will deliver scale by supporting the financing scalable and replicable climate change mitigation and adaptation projects across the industrial, commercial, residential, transport and agricultural sectors. It will address multiple market barriers along the technology supply chains and unlock the potential for private sector investment.

Client information

Borrowers will be local financial institutions consisting of banks, microfinance institutions and leasing companies operating in the eligible countries.

EBRD Finance Summary

USD 1,353,000,000.00

Total project cost

USD 1,353,000,000.00

The Framework will consist of $1,353 million to be provided by the Bank's own resources and up to $344 million to be provided by the Green Climate Fund.

Additionality

Local financial institutions and their clients under the GCF GEFF Regional Framework will benefit from technical assistance to increase their capacity to identify, assess and finance green sub-projects. Local financial institutions will also make use of the EBRD's expertise to enhance the gender responsive approach under the GCF GEFF Regional Framework, helping sub-borrowers build their resilience in the face of a changing climate.

Environmental & Social Summary

Eligible sub-projects will be required to comply with national environmental, social, labour, health, and safety legislation as well as the Environmental and Social eligibility criteria, where applicable. Any new local financial institutions will be required to complete the E&S Due Diligence Questionnaire for FIs and submit it to ESD for review to establish their compliance with the PRs. All local financial institutions will be required to submit Annual Environmental and Social Reports to the Bank, and report on sub-projects and their climate change mitigation and adaptation benefits.

Technical Cooperation and Grant Financing

The Framework will be supported by a technical cooperation package for capacity building, marketing, project assessment and general monitoring and reporting. A separate gender component will also be implemented in parallel to help address gender-specific supply and demand obstacles related to design and marketing of green lending products.

PSD last updated

30 Oct 2024

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, 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 the 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 more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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