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    Reference: 20190667
    Release date: 17 September 2020

    Promoter – Financial Intermediary

    INTERACT CLIMATE CHANGE FACILITY SA

    Location

    Description

    A replenishment of EUR 50 million from the Investment Facility (IF) to co-finance climate-friendly investments by the private sector in countries in sub-Saharan Africa, the Caribbean and the Pacific (ACP) on a pari passu basis with the European Development Finance Institutions and Agence Française de Développment, following the initial funding of EUR 50 million under project 2010-0525.

    Objectives

    The project has a double objective. The first objective is the financing of individual debt, equity and/or guarantees for climate-friendly investments by the private sector in African, Caribbean and Pacific (ACP) states on a pari passu basis with the European Development Finance Institutions (EDFIs) and the Agence Française de Développment (AFD). The second objective is strengthening cooperation between the EIB and eligible EDFIs and the AFD.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 3/12/2020

    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

    ACP States Credit lines