This concessional Credit Facility marks the first-ever FCY facility arranged by any commercial bank specifically tied to climate financing in Pakistan. Additionally, this collaboration represents the collaboration between AFD and BOP – the only Pakistani commercial bank – making it a significant milestone for both the institutions.
BOP was chosen as a partner bank by AFD following a rigorous selection process spanning almost two years and the facility represents the first step of a long term strategic partnership between the two institutions.
The successful close of the facilities was commemorated at a signing ceremony at AFD’s head office in Paris, where the formal agreements were executed by Cyrille Bellier, AFD Director for Europe, Middle East & Asia and Umer Khan, Head Investment Banking, BOP. The ceremony was also attended by Naeem Javid, Head Project Finance, BOP, along with senior representatives from AFD.
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