Attracting Private Climate Finance to Emerging Markets
Consultation Paper on Private Sector Considerations for Policymakers
As the COVID-19 pandemic continues to take a devastating toll around the world, the work that countries are doing to rebuild their economies also presents an unprecedented opportunity to accelerate our progress fighting climate change — including in the emerging markets that are most vulnerable to its effects.
The more we do to improve investment conditions in those markets, the more private capital we can mobilize towards projects that cut carbon emissions, grow the economy, and build resilience. The financial community has an important role to play, by actively supporting policy changes that attract investment in low-carbon projects and businesses in those markets.
To that end, the Climate Finance Leadership Initiative (CFLI), in partnership with the Association of European Development Finance Institutions (EDFI) and the Global Infrastructure Facility (GIF), are working to identify discrete hurdles to climate finance in emerging markets; support public-private dialogue around those challenges; and highlight ways for the financial sector to help strengthen investment conditions.
This collaborative working paper — called “Private Sector Considerations for Policymakers” — was drafted with the input of experienced lenders and investors. We are now inviting comments from diverse stakeholders across business, government, and civil society to ensure that this document accurately reflects the most critical considerations for attracting private climate finance in emerging markets.
We appreciate your partnership in this effort to catalyze collaboration between private finance, public finance, and policymakers.
IFC, BIO, SANAD, and Symbiotics announced a loan to KCB Bank Kenya Ltd to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.
CDC Group, Norfund, Finnfund, FinDev Canada and BIO jointly commit $82 million to Phatisa’s second food fund, a Sub-Saharan African fund aiming to create over 2,000 jobs in food and agriculture and to increase agricultural output by 3m tonnes.
An interview with Luuk Zonneveld, An-Heleen De Greef & Eric Van
Den Bossche on the SDG Frontier Fund, published in Eventail on the 10th of December, written by Cédric Boitte. This article was published in French.