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 TA will be used to support project developers, local service providers, and partner banks. While the investment support framework aims inter alia at removing financial barriers hindering the up-scaling of mitigation, adaptation and gender investments, the TA is designed to remove non-financial barriers identified in the INDC as well as those impeding the equality.
The TA started its activities in end-2018 by a kick-off mission, and the production of a operational manual, as well as a the update of the List of Eligible Materials and Equipment (LEME).