[CAPITAL INFLUX]RAW INTERCEPT / world-bank-approves-702m-additional-financing-for-ascent-green-p181328-allocating-a-70m-ida-credit-to-the-trade-and-development-bank-group-with-no-e-waste-or-technical-assistance-vendor-named
World Bank approves $702M additional financing for ASCENT-GREEN (P181328), allocating a $70M IDA credit to the Trade and Development Bank Group with no e-waste or technical assistance vendor named.
The World Bank approved a $702M additional financing tranche for ASCENT-GREEN (P181328), lifting total operation financing to $1,546M, including a $70M IDA credit to the Trade and Development Bank Group and a $195M Green Climate Fund allocation, with no vendor or service provider identified for e-waste handling or technical assistance.
MAGNITUDE
MAG-8
CONFIDENCE
86%
RECEIVED
7 days ago
INTERCEPT READOUT
Component 4 (Enable Capitalization of Zafiri): will add grant funding to enable TDB's full participation in Zafiri equity investment vehicle. / Total Operation Cost 844.00 702.00 1,546.00 / Green Climate Fund 0.00 195.00 195.00 / Scale-Up Window (SUW) Trade and Development Bank Group 70.00
- TARGET STATE
- Trade and Development Bank Group is now allocated a $70M IDA Scale-Up Window credit plus access to $195M Green Climate Fund and $437M unguaranteed commercial financing; the project will generate battery waste (Li-ion, lead-acid) and e-waste streams across multiple African jurisdictions, but no handler, recycler, or technical assistance provider is named, and no national e-waste regulations exist in the recipient countries.
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