PROJECT

Projects

Summary of Investment Information

Project Number

34094

Company Name

Banco Caixa Geral - Brasil S A.

Date SPI Disclosed

Nov 1, 2013

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Dec 5, 2013

Environmental Category

FI-1 - Significant

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Feb 3, 2014
Signed : Jun 13, 2014
Invested : Sep 23, 2014

Sector

Commercial Banking - General

Project Description

The proposed project is a USD 50 million A Loan to Banco Caixa Geral – Brasil S.A. (“BCG”) to fund climate smart transactions in Brazil. Eligible transactions will include renewable energy (expected to primarily consist of utility scale wind farms, solar farms, and biomass plants), energy efficiency (primarily co-generation), and possibly water efficiency, and cleaner production projects. This project will represent the first such project with the Bank in Brazil, and an opportunity to strengthen the relationship with an important player at a regional and global level, and one with a strong corporate commitment to sustainability. IFC’s role is to provide long-term finance, sustainable energy expertise, and E&S guidance. This project will contribute to climate change mitigation through BCG’s commitment to climate smart financing.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation