Facilitating the emergence of circular economy

ongoing

This project is structured around a credit facility to TSKB for financing circular economy investments and fi-nancing companies committed to changing their practices, and a Technical Assistance to support TSKB and its clients.The credit facility for an amount of 80M€ is based on a dual approach: Component 1: enables the financing of “Eligible Investments” based on compliance with a predefined Eligibility Framework targeting Circular Economy practices with positive impact on mitigation and adaptation issues. Component 2: enables investments financing in favor of “Eligible Clients” which commit to improve their circular model through: performance of an initial self-diagnosis regarding Circular Economy practices, design and implementation of an Action Plan.The Technical Assistance for an amount of 500,000 € will support the Project’s overall implementation. TA’s management is entrusted to TSKB, with AFD’s support in compliance with AFD’s Procurement Guidelines. The Technical Assistance will be instrumental to enhance TSKB’s know-how on circular economy financing, to develop companies’ know-how and raise their awareness on circularity issues, to provide operational tools to assess the benefits of circular practices, and to accompany the companies in their transformation process.