At COP29, Canada’s bilateral Development Finance Institution, FinDev Canada, MUFG Bank, Ltd. (MUFG), the Green Climate Fund (GCF) and Climate Fund Managers are near to reaching an agreement towards launching GAIA, a US$ 1.48 billion blended finance platform that aims to support high-impact climate adaptation and mitigation projects in up to 25 emerging markets and developing economies, marking a significant mobilization of climate finance.
Canada’s bilateral Development Finance Institution, FinDev Canada, IDB Invest, and Dutch Development Finance Institution, FMO announce a US$ 56.4 million loan to Energía Turística S.A. (Enertur), a subsidiary of InterEnergy Group in the Dominican Republic.
FMO, FinDev Canada, and Proparco, the Dutch, Canadian, and French development finance institutions, announced the signing of a US$ 100 million syndicated facility to Genneia S.A, Argentina’s largest wind and solar power producer.
G7 Public Development Banks (PDBs) and Development Financial Institutions (DFIs) are joining forces to enhance food security and sustainable agriculture in emerging markets. Through a new coordination mechanism set up by Italy’s Cassa Depositi e Prestiti (CDP), the Group of Seven PDBs and DFIs are teaming up in the “Collaborative on Sustainable Food Systems”.
Fifteen European Development Finance Institutions grouped under the Association of European Development Finance Institutions (EDFI) have signed today, in Washington, two separate affiliate partnership arrangements with the United States Development Finance Corporation (DFC) and FinDev Canada, marking a breakthrough in global cooperation among development finance institutions.
