| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 500.00 |
Brazil Climate Finance Project
Abstract*
The proposed project seeks to support the expansion of sustainability-linked finance for climate mitigation and strengthen capacity to access high quality carbon credit markets in partnership with Banco do Brasil (BB), a large commercial bank with significant strength in financing key sectors linked to Brazil’s carbon footprint. This is a financial intermediary (FI) project where the Bank is supporting a credit entity (BB) to fund clearly defined... Show More
Development Objective
To support the expansion of sustainability-linked finance for climate mitigation, and strengthen the private sector’s capacity to access high quality carbon credit markets in Brazil.
Key Details
Project Details
P178888
Active
Gabriel Sensenbrenner , Eli Weiss
Banco do Brasil
May 31, 2022
(as of board presentation)
December 22, 2022
N/A
US$ 1896.00 million
Banco do Brasil
2023
US$ 500.00 million
N/A
Substantial
April 30, 2028
Yes
BANK APPROVED
January 16, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 500.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 500.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 1896.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Dec 22, 2022 | IBRD-94670 | Loan Commitment | 500,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Satisfactory | 2024-08-10 |
| Progress towards achievement of PDO | Satisfactory | 2024-08-10 |
| Financial Management | Satisfactory | 2024-08-10 |
| Monitoring and Evaluation | Satisfactory | 2024-08-10 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-08-10 |
| Procurement | Satisfactory | 2024-08-10 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Volume of private sustainability linked finance leveraged by the project through the credit line and the CDF. Value 0.00 0.00 1200000000.00 Date April 1, 2023 March 1, 2023 April 1, 2028 Comment Number of carbon credit projects registered in recognized registries through project financed activities. Value 0.00 0.00 1000.00 Date April 1, 2023 March 1, 2023 April 1, 2028 Comment Volume of additional GHG (tCO2e) emission reductions certified through project financed activities. Value 0.00 0.00 45000000.00 Date July 3, 2023 March 1, 2023 July 3, 2028 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of firms accessing the sustainability-linked credit line. Value 0.00 0.00 10000.00 Date April 1, 2023 March 1, 2023 April 1, 2028 Comment Number of carbon credit service providers accredited. Value 0.00 0.00 5.00 Date April 1, 2023 March 1, 2023 April 1, 2028 Comment Share of potential additional GHG emission reductions realized by project closing. Value 0.00 0.00 30.00 Date April 1, 2023 March 1, 2023 April 1, 2028 Comment Share of women-led firms accessing the sustainability linked credit line. Value 0.00 0.00 30.00 Date April 1, 2023 March 1, 2023 April 1, 2028 Comment Number of firms accessing carbon credit generation services. Value 0.00 0.00 1000.00 Date April 1, 2023 March 1, 2023 April 1, 2028 Comment Number of investors in the debt fund Value 0.00 0.00 5.00 Date April 1, 2023 March 1, 2023 April 1, 2028 Comment Share of women-led firms accessing carbon credit generation services. Value 0.00 0.00 30.00 Date April 1, 2023 March 1, 2023 April 1, 2028 Comment Number of firms accessing carbon credits monetization services. Value 0.00 0.00 300.00 Date April 1, 2023 March 1, 2023 April 1, 2028 Comment