In Lebanon, GEFF provides finance and advice for private sector businesses to improve competitiveness, through high performance technologies and practices.
Under the GEFF agreement the EBRD is providing a US$ 90 million loan, to be complemented by US$ 10 million in concessional funding from TaiwanICDF, for on-lending to private borrowers. The funds will be used for climate change mitigation and adaptation investments, in line with EBRD’s Green Economy Transition approach, a comprehensive strategy to reduce greenhouse gas emissions and improve energy efficiency.
GEFF Lebanon will be supported by a team of specialized consultants, including engineering, environmental, financial and marketing experts, which will offer Bank Audi and its clients direct support and advice throughout the green project life cycle using best-in-class technologies. The technical assistance package is supported by the EBRD Shareholder Special Fund and is free of charge for clients..
The technical support is provided by a local GEFF team for various stages of project origination, investment appraisal and project implementation. This helps identify the best solutions and ensure quality green economy projects are successfully financed.
The Facility operates through Bank Audi in Lebanon.