PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606404

Primary Business Area

Other

Disclosure Date

Jul 13, 2023

Country

Central America Subregion

Region

Latin America and the Caribbean

IFC Approval Date

Mar 15, 2022

Status

Active

Estimated Total Budget

$981,310.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 14, 2023

Project Estimated Start Date

Mar 1, 2022

Project Estimated End Date

Dec 31, 2025

Project Description

IFC will support participating superintendencies of the Central American Council of Superintendents for Banks, Insurance and Other Financial Institutions (CCSBSO) in the creation and development of a green taxonomy guide. The green taxonomy guide is expected to lay the foundation for regulators in Central America to incentivize green financing and inform green financing frameworks for the financial sector. Additionally, IFC will work with financial institutions on the identification of green portfolios aligned with this taxonomy. This project is part of a joint effort from IFC, NORFUND and FMO to enable the adoption of international standards and best practices in environmental and social performance standards in the financial sector for member countries of the CCSBSO.

Development Results

E&S Risks / Impacts and Mitigation