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China: China EXIM Bank Enhanced Environmental and Social Management Systems (ESMS)

GRANT SUMMARY INFORMATION

SPECIAL FUND TYPE
MCDF Grant
MEMBER
China
SECTOR
Multi-sector
PROJECT NUMBER
S000623

FINANCING

APPROVED AMOUNT
USD680,000

TIMELINE

APPROVAL DATE
December 17, 2021

DESCRIPTION

China EXIM Bank (CEXIM) is one of China’s three state-owned policy banks. The MCDF grant will be used to assist CEXIM in enhancing and implementing the ESMS to support the China EXIM Bank Green On-Lending Facility (which AIIB is considering) through the application of the improved standards reflected in CEXIM’s revised policies and procedures and developing a Green Financing Framework (GFF) that can be applied also to other projects or business lines in the future, thereby strengthening the bank’s institutional capacity in this field. The MCDF grant will also enable sharing lessons learnt and research with industry peers to support building a case study for the banking industry in China to take up similar approaches.

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