The general objective of this Technical Cooperation (TC) is to contribute to the improvement of the use of capital of the Multilateral Development Banks (MDB) to leverage private financing for the SDGs. To this end, the TC seeks to: (i) develop a new strategy for the use of the IDB guarantee with a sovereign counter-guarantee (SG guarantee) in a multi-country structure for the mobilization of sustainable resources from institutional investors; (ii) develop a methodology to calculate IDB's capital consumption for the use of this new resource leveraging instrument; and (iii) strengthen the capacities to mobilize sustainable financing of the countries of the region through new financial cooperation mechanisms.
Project Detail
Country
Regional
Project Number
RG-T4315
Approval Date
June 26, 2023
Project Status
Implementation
Project Type
Technical Cooperation
Sector
FINANCIAL MARKETS
Subsector
FINANCING FOR ENVIRONMENTAL SUSTAINABILITY
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 500,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 500,000.00