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Oct. 25, 2017, 9:46 p.m.
ADB is making strides in private sector participation within its portfolio for the Climate Investment Funds (CIF), leveraging concessional public funds to mobilize private sector investments for climate action.
Aside from the private sector projects within Investment Plans, ADB through the Dedicated Private Sector Programs under the Clean Technology Fund is channeling over $100 million directly into private sector investments in geothermal energy development, renewable energy minigrids, and other projects. ADB will also be implementing an adaptation project through the Private Sector Set-Asides under the Pilot Program for Climate Resilience.
This publication presents an overview of ADB’s experience in building a CIF private sector portfolio, highlighting how funding has been able to encourage greater private sector investment in climate-relevant sectors by using innovative financial instruments to address risks.
The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world. ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to the majority of the world’s poor. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration. Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.
Climate change policies and strategies