PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

604970

Primary Business Area

Other

Disclosure Date

Nov 6, 2022

Country

El Salvador

Region

Latin America and the Caribbean

IFC Approval Date

Aug 24, 2021

Status

Active

Estimated Total Budget

$1,105,981.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 10, 2022

Project Estimated Start Date

Sep 1, 2021

Project Estimated End Date

Aug 31, 2025

Project Description

The Sustainable Industries in El Salvador Project (SIES) is an initiative that seeks to strengthen investments in the efficient use of natural resources in Salvadoran companies, promoting initiatives that facilitate their adaptation to climate change and sustainable competitiveness. The SIES Project has three advisory components: 1) environmental regulatory system, voluntary agreements and co-financing mechanisms for companies, 2) energy management audits and support in the presentation of investment projects to banks, and 3) development of green financing lines through local commercial banks with the support of the IFC.

Development Results

E&S Risks / Impacts and Mitigation