The project will consist of an A Loan of up to $50 million divided in two tranches of $25 million each (the Facility) to be extended to Banco ABN AMRO Real S.A. (Banco Real or the Bank). It will support two forms of Sustainability-oriented business activities at the Bank: - Environment-related lending, and - Credit support for family-owned, middle-market companies that improve their Corporate Governance (CG) practices. In both Environment- and CG-related on-lending supported by the Facility, the Bank has agreed to use IFC’s Sustainability Framework as its principal tool in making credit decisions involving sub-projects that will receive funding. Banco Real is the first financial institution in the world to agree to use IFC’s Sustainability Framework in such a fashion. Furthermore, in the case of Environment-related sub-projects, in addition to conformity with IFC’s Sustainability Framework as well as Banco Real’s own (and already benchmark-setting) Environmental and Social Policy, the Bank has agreed to go beyond full compliance with both sets of standards. As such, Banco Real will use Facility proceeds to finance only those sub-projects that rate Level 2 or higher in the Environmental component of IFC’s Sustainability Framework, thereby increasing the likely contribution of the relevant sub-projects to socially sustainable development.