IDB CLIMA - Minas for Results Program: Decarbonization and Climate Resilience Increase of the Minas Gerais Development Bank's credit portfolio.
The general development objective of the program is to contribute to CC mitigation and adaptation in MG through facilitating BDMG access to green debt markets. The specific development objectives are: (i) to increase financial flows for decarbonization and climate resilience in MG; and (ii) strengthening BDMG's institutional capacity as a State financial agent by improving its ability to decarbonize its portfolio by investing in the systems needed to deliver further green finance at scale (IDB CLIMA Key Performance Indicator-KPI#2) and develop the needed capacities to report in line with best market practices (IDB CLIMA KPI#3).

Project Detail

Country

Brazil

Project Number

BR-L1638

Approval Date

-

Project Status

Preparation

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

LBR (Loan Based on Results)

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

-

Country Counterpart Financing

-

Original Amount Approved

USD 100,000,000.00

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 Preparation Phase
https://www.iadb.org/document.cfm?id=EZIDB0002012-130777763-15
Project Profile
PP - Publication IDB CLIMA Minas for Results Prog Decarbonization and Climate Resilience Increase of MG Dev Bank credit portfolio - BR-L1638.pdf
Aug. 28, 2024
English

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