Release date: 22 October 2019
Promoter – Financial Intermediary
DEVELOPMENT BANK OF SOUTHERN AFRICALocation
Description
The project consists of a credit facility to the Development Bank of Southern Africa (DBSA) for on-lending to private sector climate action projects across the country.
Objectives
The proposed operation will provide funding to DBSA for financing of limited scale climate action related private sector projects located in the Republic of South Africa.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 22 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving EIB financing will comply with national legislation and the ElB's Environmental and Social Standards.
Procurement
The Bank will require the intermediary institution to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the EIB finances are in accordance with EIB Guide to Procurement.
Status
Signed - 12/10/2020
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).