📋 Tender Overview
Location:
Regional
Project number:
56002
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
12 Feb 2025
Status:
Concept Reviewed
English-language PSD published:
08 Jan 2025
Project Description
The GCF Greening Financial Systems (GFS) Framework ("GCF GFS Framework" or "Framework") will consist of a $620 million allocation, of which $434 million will be provided by the Bank's ordinary resources and $186 million by the Green Climate Fund ("GCF"). The Framework will be implemented in Armenia, Egypt, Jordan, Georgia, Kazakhstan, Kyrgyz Republic, Moldova, Mongolia, Morocco, North Macedonia, Serbia, Tajikistan, and Uzbekistan (collectively referred to as the 13 "Eligible Countries").
The Framework will be provided in the form of loans to partner financial institutions ("PFIs") for their investments in low greenhouse gas emissions and climate-resilient development, through gender-responsive on-lending to private and public sector beneficiaries (including individuals, MSMEs and mid-cap enterprises, technology suppliers, producers, vendors and installers/service providers, construction companies, housing associations and municipalities).
Project Objectives
The GCF GFS Framework will provide an integrated financial platform designed to further increase the amount of financing provided by the private sector to climate-related projects in a gender-responsive manner. Furthermore, the Framework will create an enabling environment encouraging the development of advanced climate practices by local PFIs, including the adoption of transition plans, conducive of a systemic transition towards a climate-compatible financial system.
Transition Impact
ETI 65-85
The GCF GFS Framework will support the Green Transition Impact ("TI") quality by facilitating the direction of funding towards green technologies and services and promoting the transformation of local financial systems via climate transition planning. 100% of the financing will be allocated to Green Economy Transition ("GET") eligible activities.
Client Information
Borrowers will be PFIs, including commercial banks, microfinance institutions, and leasing companies.
EBRD Finance Summary
USD 434,000,000.00
Total Project Cost
USD 620,000,000.00
Additionality
Additionality is achieved through the provision of a comprehensive package blending (i) long-term financing on terms beyond those available on the market, (ii) technical cooperation and policy dialogue to strengthen PFIs' green lending capabilities, (iii) incentive grants to the applicable PFIs to encourage the development of transition plans, and (iv) mainstreaming gender by addressing gender gaps in the green economy. Overall, the package aims a meaningful increase in the amount of financing available for climate-related investments while building the financial sector's resilience against climate risk, in a gender-responsive way.
Environmental an
