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🍃 NEW IFU GUARANTEE HELPS UNLOCK MORE THAN USD 10 BILLION CLIMATE FINANCE - IN ONE DEAL 🍃 IFU is issuing a 💰 USD 100 million guarantee to the Asian Development Bank (ADB) groundbreaking Innovative Finance for Climate in Asia and the Pacific Initiative (IF-CAP). The guarantee is issued on behalf of the Danish State and is expected to alone mobilize approx. USD 450 million in new climate finance to developing countries. “IFU is very pleased to issue this guarantee on behalf of Denmark. The collaboration demonstrates IFU’s dedication to partnering with global organizations to tackle the most pressing environmental challenges, and aligns with our strategic objective of mobilising private capital for sustainable economic development in emerging markets and developing economies,” said Søren Peter Andreasen, Deputy CEO, IFU. IF-CAP is a partnership between ADB and Denmark, Sweden, UK, US, Japan, and South Korea. The total guarantee from the six countries is USD 2.28 billion, which is expected to unlock more than USD 10 billion in new capital for climate finance, and is likely one of the largest climate finance deals in the world this year.  👇 Read the full story in comments   #impactinvesting #SDG #dkpol #COP29

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Magnus Cedergren

Head of IFU Guarantee Facility

1mo

Proud to have part of this transformation transaction with support of great colleagues in Asian Development Bank (ADB) and 🇩🇰🇸🇪🇬🇧🇺🇸🇯🇵🇰🇷 and yet to be joined by 🇳🇴🇦🇺

Another great example of global partnership between governments facilitating private participation in the much needed climate financing. Thumbs up to the IFU team

Joseph DIABATE

𝐇𝐞𝐚𝐝 𝐎𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 Banque Ouest Africaine de Développement

1mo

Great transaction

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