PROJECT

Projects

Summary of Investment Information

Project Number

42896

Company Name

GLOBAL CLIMATE PARTNERSHIP FUND SA SICAV-SIF

Date SPI Disclosed

Jan 17, 2020

Country

World Region

Region

Global

Projected Board Date

Feb 29, 2020

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

NonBanking & Alternative Finance

Industry

Funds

Previous Events

Approved : Mar 19, 2020
Signed : Mar 27, 2020
Invested : Mar 31, 2020

Sector

Other Non-Private Equity Fund

Project Description

IFC proposed an investment of up to US$100 million in the Global Climate Partnership Fund SA. SICAV-SIF (GCPF or the Fund), a closed-ended debt fund launched in December 2009. IFC's investment will support the Fund in its mission to reduce greenhouse gas (GHG) emissions by fostering energy efficiency (EE) and renewable energy (RE) investments for small and medium enterprises and private households in emerging markets (EM), mostly through Financial Institutions. IFC's investment will also support the Fund in maintaining its funding structure; grow its portfolio of investments; crowd-in additional private sector investors; and contribute to GHG reduction in WBG-eligible borrowing countries globally.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation