GCF GEFF Regional - Extension II

cancelled

The second extension (Extension II) of a financing package from EBRD and GCF delivered via the Bank's Green Economy Financing Facilities, which provides debt financing to financial institutions in EBRD countries of operations for climate change mitigation and adaptation investments. The project represents the second extension of the GCF GEFF Regional Framework (Project number 50223). Extension II will consist of a further allocation of a financing package of up to USD 497 million, of which USD 373 million will be provided by the Bank's ordinary resources and up to USD 124 million by the Green Climate Fund to be deployed under Green Economy Financing Facilities in Armenia, Egypt, Georgia, Jordan, Moldova, Mongolia, Morocco, Serbia, Tajikistan and Tunisia. Extension II will continue to provide financing to qualifying local financial institutions in the eligible countries for on-lending to private sector businesses, individuals, housing collectives, suppliers and vendors of high performing climate technologies and service providers for climate change mitigation and climate change adaptation investments, supporting the Green Economy Transition.