Backed by the UN Environment Programme Finance Institute, the framework offers investors metrics on how to assess the impacts of investing in climate adaptation and resilience.
Following a 10-year low in blended finance investment in 2022, multilateral development banks and development finance institutions are investing in greater sums to tackle climate change.
The investment will help local businesses in frontier and emerging economies cover the cost of importing key commodities, equipment and machinery, which has risen sharply in recent years.
The new indicators are designed to sharpen the focus of the multilateral development bank group on accountability and impact, as well as standardising measurement of progress across its institutions.
GAWA is one of the impact investors backing Indian microfinance institution Sindhuja Microcredit, which has raised $14.5m to extend its services and develop new products, including individual loans to smallholder farmers.
A $27m guarantee facility aims to boost renewable energy in Southern Africa and unlock up to $270m of private capital investment into independent power projects.
Plus, BIE report reveals criteria for sustainable reconstruction of Ukraine’s buildings | Spain’s DFI enters agreement to support rural microenterprises in Ecuador
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