Signature(s)
Summary sheet
- Services - Financial and insurance activities
The project consists of an investment fund financing climate change adaptation and climate-resilience solutions promoted by private companies in or for the benefit of develloping countries. The investment is made under the Luxembourg-EIB Climate Finance Platform trust fund.
The fund aims to provide growth equity to private companies - especially in the African, Caribbean and Pacific group of States (ACP) - developing climate change adaptation and climate-resilience solutions, particularly for the benefit of developing countries and their vulnerable populations and livelihoods. The Fund, domiciled in Luxembourg, has a target size of USD 250m and is managed by Lightsmith Resilience Partners.
The fund's operational guidelines will provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.
Not Applicable.