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    Reference: 20190296
    Release date: 22 October 2019

    Promoter – Financial Intermediary

    DEVELOPMENT BANK OF SOUTHERN AFRICA

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    South Africa Credit lines