IFC-GEF Hotel Green Revitalization Program (HGRP)

IFC, as an Executing Agency of the World Bank, proposes a unique and ambitious global financing platform, the Hotel Green Revitalization Program (“HGRP”) that will incentivize retrofit greening of 760+ SME hotels through 60+ financial intermediaries in more than 30 countries, while also providing a vital rapid COVID-response for medium tenor, local currency relief financing for sector devastated by the economic consequences of the pandemic. HGRP aims to create emissions savings of 1.8 million tonnes of CO2e, setting the industry on a greener and more sustainable path.