PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

609214

Primary Business Area

Financial Institutions Group

Disclosure Date

May 11, 2026

Country

Malaysia

Region

East Asia and the Pacific

IFC Approval Date

Sep 21, 2024

Status

Active

Estimated Total Budget

$400,000.00
(Project budget includes all project-funded activities)

Last Updated Date

May 12, 2026

Project Estimated Start Date

Sep 15, 2024

Project Estimated End Date

Jun 30, 2026

Client Legal Name

Cagamas Berhad

Project Description

Market development activities will be undertaken to address both demand and supply side constraints and challenges, and to improve the enabling environment for green buildings. This will be complemented by sector development activities with FIs, issuers and investors on capital markets development in sourcing long term funding, which will enable use of proceeds for green buildings, facilitated by green financing or KPI linked SLBs by reducing building emissions or access to green affordable housing. The project will also define the business case for making green housing more inclusive and affordable for lower end segments (bottom 40% income group or B40, and middle 40% or M40) and for women in Malaysia. The project will also investigate options for sustainable cooling including through developer finance, finance to cooling-as-a-service companies (including district cooling), and for end users (such as for more efficient ACs, fans, and refrigeration). Financial barriers will be addressed through follow on engagements with FIs to expand financing for inclusive and green development, and mobilizing bank financing towards green assets by addressing constraints related to both lack of a pipeline for eligible projects and an insufficient supply of green financing.

Development Results

E&S Risks / Impacts and Mitigation