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A Blueprint for Closing the SDG Financing Gap: How to Raise $290 Billion in 12 Months to Tackle the World’s Biggest Problems
As of 2020, the annual SDG financing gap for developing countries stood at $4.2 trillion — up from $2.5 trillion pre-pandemic. And according to Chris Clubb at Convergence Blended Finance, though private capital is crucial to closing this gap, the $240 billion in annual public development finance only mobilizes around $44 billion in private investment, which covers just 1% of these countries' climate and SDG investment needs. He explores the core elements of Convergence's Action Plan for Climate and SDG Investment Mobilization, which shows how a small amount of public and philanthropic funding can catalyze private investment to more than double total climate and SDG financing in developing economies.
- Categories
- Environment, Investing
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Press Release: ENGIE Partners With CarbonClear to Finance the Access to Energy Challenge in Africa Through the Voluntary Carbon Market
A landmark partnership was signed today to foster the sustainable development and access to energy financing in Africa through the Voluntary Carbon Markets.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Parallex Bank Secures $10 Million Trade Finance Facility From Africa Export Import Bank
This finance is part of Afreximbank’s commitment to supporting the growth and development of financial institutions in Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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BII Injects €20 Million Into Meridiam’s Urban Climate Resilience Fund By Benoit-Ivan Wansi in Africa
The UK's development finance institution, is injecting €20 million into the Urban Resilience Fund (Turf).
- Categories
- Environment, Investing
- Region
- Sub-Saharan Africa
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Apply for Amazon Web Services Fintech Africa Accelerator 2023
Amazon Web Services (AWS) has begun accepting applications for its first AWS Fintech Africa Accelerator.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The French Development Agency Grants €12.5 Million to Improve Drinking Water Supply in Banjul, Gambia
The project, which will be launched shortly, aims to improve the supply of drinking water to nearly 900,000 people in the Gambian capital.
- Region
- Sub-Saharan Africa
- Tags
- development finance, water
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How U.S. Businesses Can Compete with China in Emerging Markets: Transitioning from a ‘Death Economy’ to a ‘Life Economy’
For decades, American businesses working in emerging markets have prioritized profit maximization regardless of the social and environmental costs — an approach that economist and author John Perkins describes as the "death economy." But as China has supplanted America as the top investor and trading partner in many of these markets, Perkins attributes its success to its embrace of the ideals — if not always the practices — of sustainable development. He explores how China's promotion of a regenerative "life economy" has resonated in developing countries, and how U.S. businesses can respond.
- Categories
- Environment, Investing, Transportation
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US Government to Provide US $27 Billion Funding for Green Energy and Solar Projects
Both public dollars and private capital will be used to invest in projects that can reduce pollution and lower energy costs for families, particularly those in low-income and disadvantaged communities.
- Categories
- Environment, WASH
- Region
- North America