Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.
$120,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Jun 12, 2021
Project Estimated End Date
Aug 31, 2015
Project Description
IFC will provide technical assistance support to FCMB Bank to assist with the development of FCMB's internal capacity to successfully implement an energy efficiency and renewable energy financing line targeting SME borrowers in Nigeria.
Development Results
- Transfer of international best practice in Sustainable Energy Finance (""SEF"") to FCMB;
- Greenhouse Gas emission reduction as the result of the implementation of the SEF facility by FCMB
- Demonstration effect through innovation: IFC's first climate change financing program through a local FI in Nigeria.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of new financial products designed
Not Available
1
Number of entities receiving advisory services
Not Available
1
Number of entities receiving in-depth advisory services
Not Available
1
Number of participants in workshops, training events, seminars, conferences, etc.
Not Available
276
Number of participants providing feedback on satisfaction
Not Available
196
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
Not Available
62
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
Not Available
1
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
Not Available
6
Number of women participants in workshops, training events, seminars, conferences, etc.
Not Available
86
Number of workshops, training events, seminars, conferences, etc.
Not Available
9
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
Press-Release
Additional Documents
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This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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