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Press Release: IFC and IIFL Home Finance Ltd. Partner to Boost Women’s Access to Affordable Housing Finance, Promote Green Homes in India
New funding will help increase access to housing finance among economically weaker sections (EWS) and low-income groups (LIG), including women borrowers in India.
- Categories
- Finance
- Region
- Asia Pacific
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Financial Institutions Failing To Integrate Nature And Climate: New Report Warns Inaction On Nature Impedes Net-Zero Ambitions
Financial institutions must step up responsibility to demand credible and comprehensive data to drive transformative change throughout the financial system.
- Categories
- Environment, Finance
- Region
- Global
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Press Release: IFC and Absa Partner to Expand Financing for Green Buildings in South Africa
Green buildings represent a significant low-carbon investment opportunity because they can save electricity and reduce water consumption.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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FSDAi, InfraCredit Invest $13 Million in Nigeria’s Green Projects
The lack of investment available for early-stage, or “greenfield” projects, particularly climate-aligned infrastructure projects, continues to be a challenge due to perceived high risks.
- Categories
- Environment, Investing
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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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Vice President Harris Announces Over $7 Billion in Private Sector and U.S. Government Commitments to Promote Climate Resilience, Adaptation, and Mitigation across Africa
These new investments and initiatives will generate significant economic benefits while addressing African nations’ pressing needs resulting from the climate crisis.
- Categories
- Agriculture, Environment, Transportation, WASH
- Region
- Sub-Saharan Africa
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How Inclusive Finance Can Address the World’s Most Fundamental Challenge: Food Security, Nutrition and the European Microfinance Award 2023
According to the World Food Programme, the world is facing “a food crisis of unprecedented proportions.” Joana Afonso, Sam Mendelson, Fernando Naranjo Galindo and Daniel Rozas at the European Microfinance Platform (e-MFP) explore the multiple drivers and dimensions of food insecurity, and explain why the financial inclusion sector is uniquely placed to address it. They share how the e-MFP's European Microfinance Award 2023 is promoting innovative solutions to the crisis through its focus on “Inclusive Finance for Food Security & Nutrition.”
- Categories
- Agriculture, Finance, Transportation
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Press Release: World Bank and Ethiopia Sign $40 Million Agreement to Cut Carbon Emissions Through Sustainable Landscape Management
Ethiopia has signed a landmark agreement with the World Bank’s BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL).
- Categories
- Agriculture, Environment
- Region
- Sub-Saharan Africa