| Project Detail |
Project Name
Establishing the Feasibility of Green Finance Digital Platform (Subproject 1)
Project Number
58441-002
Country / Economy
Regional
Project Status
Active
Project Type / Modality of Assistance
Technical Assistance
The technical assistance (TA) cluster aims to enhance the capacity of developing member countries (DMCs) in their ability to screen, assess, prepare, and structure sustainable bankable projects, thereby mobilizing private investments for the green transition. The Green Finance Digital Platform (GFDP) will also enable DMCs to improve project team management and make more efficient, cost-effective use of extensive knowledge base of Asian Development Bank (ADB).
The TA cluster will support the development of GFDP an artificial intelligence (AI) enabled platform to fast-track due diligence of green infrastructure projects including assessing bankability (technical, financial, legal feasibility), environmental and social safeguards, co-benefits (such as economic and climate benefits), and gender equality aspects.
GFDP will allow users to upload project data and will leverage existing ADB policies, knowledge products and project database as well as other publicly available information (such as local laws and regulations) to assess and highlight potential risks, mitigation measures, and other key considerations. GFDP will expedite the screening, due diligence, and document review process, thereby reducing costs and preparation time while enhancing project quality. The platform will also generate relevant reports and documents based on pre-set templates. GFDP can be utilized by DMC governments, agencies, as well as the private sector with strong interest to invest in DMCs. |
