Global Bank - Climate Financing Partnership

in implementation

The transaction involves an unsecured senior A/B loan of up to USD 100 million (the “Project” or the “Loan") to be granted to Global Bank Corporation (“Global Bank” or the “Bank”) with a maximum tenor of five years as from disbursement, including a two-year grace period. IDB Invest will contribute up to US$50 million of the Loan, which will break down as follows: (i) up to US$ 40 million from IDB Invest; and (ii) up to US$10 million through blended financing. One or several third parties will bear the remaining portion (“B Loan”).The Project goals are: (i) providing access to long-term financing; and (ii) supporting the Bank in financing and expanding its green and climate portfolio. Likewise, the Project may have a technical assistance component provided by IDB Invest to support Global Bank in planning and executing the implementation of the recommendations from the Task Force on Climate-related Financial Disclosures (“TCFD”) as regards governance, strategy, products, communication and monitoring issues. Also, recommendations will be made for its environmental, social and governance policies.