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SRI LANKA

Sri Lanka Sustainable Banking Initiative: Promoting environmental and social good practices in Sri Lanka

© Didier Gentilhomme / AFD

PROPARCO is providing technical assistance to a program including 18 Sri Lankan financial institutions. This initiative is promoting and operationalizing the good practices to be applied for sustainable bank financing and improving their environmental and social risk management.

PROJECT DESCRIPTION 21/06/2017 In 2015, the Sri Lanka Banks’ Association (SLBA) developed Date of signature of the project and signed the “11 Sustainable Banking Principles for Sri Banks and Financial services Lanka”. sector(s) In this context, PROPARCO and its German, Austrian and Dutch counterparts, DEG, OeEB and FMO, in partnership with SLBA, Sri Lanka launched a joint initiative in order to operationalize these Location principles and strengthen the capacities of financial institutions (FIs) on environmental and social (E&S) subjects. Technical Assistance The aim is to: Financing tool

Raise the awareness of the teams of FIs and train them in the 71 589 Euros E&S issues and risks, as well as in their management, Amount of funding Train a network of consultants to allow FIs to have access to EUR 71,589 of technical a network of skills and contacts with local E&S experts, assistance Create dynamics on these subjects within the community of Financing details FIs in Sri Lanka. 18 Sri Lankan financial institutions CLIENT PRESENTATION Client

Amana Bank, , , Commercial Bank of Ceylon, DFCC Bank, Habib Bank, , MCB Bank, National Development Bank, , , Peoples Bank, Regional Development Bank, , , , Sri Lanka Savings Bank and Union Bank

PROJECT IMPACT

The project will contribute to improving environmental and social (E&S) practices in financial institutions (FIs), in line with international standards. It will also build the capacities of the staff of FIs thanks to the training given to credit analysts, risk analysts, managers and E&S analysts, i.e. some 80 people, as well as the training of a network of local experts. Thanks to the catalytic role of the E&S good practices of FIs in Sri Lanka’s economic base, the project will also contribute to improving the local economy.