Credit line that aims at financing small and medium investments, with a view of reinforcing the market of mitigation finance initiated during SUNREF I and developed during SUNREF II and creating a demonstration effect/scaling up the market to address the adaptation to Climate change agenda of Mauritius. It also aims at promoting gender equity among projects financed.
(please visit the site for further information https://www.sunref.org/ocean-indien/).
Credit facility and grant agreement with the two partner banks were signed in September 2018 - the project in now fully operational and in implementation phase.
The EU-AITF IG will be used to provide:
An additional incentive of 10% for investments meeting adaptation-to-climate change eligibility criteria; and
An additional incentive of 5% for investments meeting gender equality eligibility criteria.