Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 38,413,521.56
Countries
Sector(s)
India : € 38,413,521.56
Services : € 38,413,521.56
Signature date(s)
24/11/2022 : € 38,413,521.56
Link to source

Summary sheet

Release date
25 April 2022
Status
Reference
Signed | 24/11/2022
20220164
Project name
Promoter - financial intermediary
GEF SOUTH ASIA GROWTH FUND III
SAGF II MANAGEMENT LLC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 40 million (EUR 40 million)
USD 300 million (EUR 298 million)
Location
Sector(s)
Description
Objectives

Equity participation in a private equity fund investing in small and medium-sized enterprises (SMEs) that promote climate action and environmental sustainability primarily in India, but also in other countries in the South Asia/South East Asia region.

Equity participation in a private equity fund investing in SMEs that promote climate action and environmental sustainability primarily in India, but also in other countries in the South Asia/South East Asia region.

Additionality and Impact

The operation concerns an investment in GEF South Asia Growth Fund III, a USD 300m investment fund targeting companies that promote climate action and environmental sustainability in South and South East Asia , in line with the objectives of the EIB Climate Bank Roadmap. The Fund will provide equity to SMEs, improving access to finance. A commitment to the Fund will contribute to EU policy and priorities with regards Climate Action outside of Europe. It will support the achievement of sustainable development goals (SDGs), aiming to mitigate the effects of climate change. The Fund will contribute to the Bank's Climate Action and Environmental Sustainability targets outside the EU. Therefore, the operation is proposed under the Climate Action and Environment Facility (CAEF). The EIB commitment is expected to trigger the commitment from other investors and to have a strong catalytic effect. With EIB commitment, the Fund's terms are expected to be negotiated in line with best market practice standards.

Environmental aspects
Procurement

The fund's operational guidelines will provide for environmental and social duediligence of investee companies according to guidelines acceptable to the Bank.

The Fund is expected to comply with EIB's procurement guidelines.

Comments

N/A

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - GEF SOUTH ASIA GROWTH FUND III
Publication Date
20 Jul 2022
Document language
Main Topic
Lending
Document Number
156773927
Document Focus
Environmental Information
Project Number
20220164
Sector(s)
Publicly available
Download now

News & Stories

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

Related publications