PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605439

Primary Business Area

Financial Institutions Group

Disclosure Date

Oct 11, 2021

Country

Hong Kong SAR, China

Region

East Asia and the Pacific

IFC Approval Date

Oct 29, 2020

Status

Completed

Estimated Total Budget

$1,450,001.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 28, 2024

Project Estimated Start Date

Aug 1, 2020

Project Estimated End Date

Jun 30, 2023

Project Description

The Green Commercial Bank Alliance is a new initiative convened by IFC to bring together financial institutions, banking industry associations, research institutions, and innovative technology providers to work together to develop a global community of green commercial banks across emerging markets and finance the infrastructure and business solutions needed to urgently address climate change. To ensure a successful launch of the Asia Chapter of the Green Commercial Bank Alliance, the advisory services engagement will support the Hong Kong Monetary Authority to establish and carry out the Alliance’s activities in Asia market.

Development Results

E&S Risks / Impacts and Mitigation