Latin America and the Caribbean Facility for Greening Public Development Banks and the Financial Sector
The general objective of this facility is to foster the greening of the public financial sector and the alignment of it to the PA and NDCs. The facility will have three specific objectives that complement and leverage each other: (i) support and advise PDBs and their network of LFIs to align their strategy and business model to the goals of the PA and create a public policy environment conducive for greening the public financial sector; (ii) implement an innovative Performance-Based Payments (PBP) mechanism, that incentivizes PDBs financially to: (a) maintain and implement institutional enhancements; (b) achieve ambitious GHG reductions at the institutional and beneficiary level; and (c) the increasing PA-aligned share of the PDBs portfolio; and (iii) support in-depth feasibility analysis, structuring and piloting of innovative financial structures aimed at enhancing PDB's lending capacity and the mobilization of private sector capital for ambitious climate investments.

Project Detail

Country

Regional

Project Number

RG-O1720

Approval Date

February 21, 2024

Project Status

Implementation

Project Type

Container

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

Facility

Facility Type

FFG (Facility Financing for Grants)

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 0.00

Country Counterpart Financing

-

Original Amount Approved

USD 21,044,913.00

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0001420-1346114223-14
Facility
Regional. Documento de la Facilidad para el proyecto _Facilidad de Financiamiento Verde de ALC para BPD y Sector Financiero - RG-O1720.pdf
Feb. 20, 2024
Spanish
https://www.iadb.org/document.cfm?id=EZIDB0001420-1346114223-15
Facility
Regional. Facility Document for the project Latin America and the Caribbean Facility for Greening Public Development Banks - RG-O1720.pdf
Feb. 20, 2024
English

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