PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601402

Primary Business Area

Financial Institutions Group

Disclosure Date

Feb 12, 2019

Country

Africa Region

Region

Africa

IFC Approval Date

Jun 13, 2018

Status

Completed

Estimated Total Budget

$1,995,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jan 22, 2026

Project Estimated Start Date

Jul 2, 2018

Project Estimated End Date

Jun 30, 2023

Project Description

The objective of this program is to support climate investments and help financial institutions in SSA to integrate climate finance in their lending business, i.e. extending loans to SMEs, Corporates, and households for energy efficiency, clean energy, green buildings, green housing, and climate smart agriculture investments. This is in the context of growing demand in the region for more reliable electricity supply, better equipment and machineries for production and services, less energy and water intensive commercial and residential buildings, and more resilient agri-business- which all are critical for SSA socio-economic development. The program objective is to be achieved by: i) generating market intelligence on climate-smart opportunities in specific sectors that FIs target; ii) providing technical support for FIs in building suitable strategies, aligning/improving products to serve the green finance needs of their clients, and training FI staff on climate investment due diligence, portfolio monitoring and impact reporting; and iii) supporting outreach and awareness raising for FI target clients (i.e. SMEs, corporates, HH businesses) to understand the feasibility and benefits of climate-smart investments that can save costs and reduce environmental footprint or increase resilience capacity at the same time. Wherever relevant, the program will also facilitate partnerships with banking associations, industry associations, technical service organizations and technology providers to help with project pipeline generation for FIs to finance.

Development Results

E&S Risks / Impacts and Mitigation