| Project Detail |
Location:
Georgia
Project number:
55751
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
22 Oct 2024
Status:
Approved
English-language PSD published:
31 Oct 2024
Senior, unsecured, multicurrency loan to Bank of Georgia in the amount of up to USD 100m equivalent for energy efficiency investments under the GCF-GEFF Regional Framework.
The loan will be provided in two parallel tranches: (i) EBRD portion of the loan in the amount of up to USD 75m available in GEL, EUR and/or USD, and (ii) GCF portion in the amount of up to USD 25m available in USD or EUR.
Project Objectives
The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local sub-borrowers - individuals, SMEs and corporates. |
