PROJECT

Projects

Summary of Proposed Investment

Project Number

29373

Company Name

GLOBAL CLIMATE PARTNERSHIP FUND SA SICAV-SIF

Date SPI Disclosed

Nov 24, 2010

Country

World Region

Industry

Funds

Projected Board Date

Dec 27, 2010

Status

Completed

Sector

Foreign Portfolio Debt Fund

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Apr 1, 2011
Signed : May 4, 2011
Invested : Dec 21, 2011

Project Description

The proposed project envisages an IFC investment of up to US$75 million in the Global Climate Partnership Fund (the Fund) which has been set up as a Specialized Investment Fund (SICAV-SIF) under Luxemburg law in December 2009. Promoted by KfW Entwicklungsbank (KfW), the Fund is a proposed up to US$500 million collective debt investment vehicle that will provide financing mainly for on-lending to small and medium-sized enterprises and households in sustainable energy projects through financial institutions (FIs) and, to a lesser extent, will make direct investments in renewable energy/energy efficiency projects globally.

Sponsor / Cost / Location

Development Impact