Delivering on B3W and private sector climate finance at COP26

  • $610 million in political risk insurance to cover loan principal and interest in support of the Belize Blue Bond for Ocean Conservation, a collaboration between DFC, The Nature Conservancy, and Credit Suisse. The $364 million bond, which closed November 5, 2021, will provide sovereign debt relief and simultaneously fund projects in support of Belize’s commitment to place 30 percent of its ocean within biodiversity protection zones. This natural infrastructure is critical to supporting jobs in fisheries and tourism, and food supply for local communities.
  • A $267 million loan guaranty for Smart Rio to support one of the largest urban lighting efficiency and smart city initiatives in the world. In Rio de Janeiro, Smart Rio will modernize public lighting and install smart city infrastructure by replacing or adding 450,000 public lights with LED, adding 5,000 public Wi-Fi access points, connecting 6,000 smart traffic lights, and more.
  • A $9 million loan facility for Ampersand, Africa’s first electric motorcycle company, to expand its operations in Rwanda and Kenya and improve e-mobility and transportation services throughout the continent.
  • The President’s Emergency Plan for Adaptation and Resilience (PREPARE), which supports developing countries and communities in vulnerable situations around the world in their efforts to adapt to and manage the impacts of climate change.
  • The Global Energy Alliance for People and Planet (GEAPP), which has received $1.5 billion in seed funding from the Rockefeller Foundation, the Ikea Foundation, and the Bezos Earth Fund, and builds on DFC’s innovative work to catalyze finance for distributed renewable energy projects in partnership with the philanthropic finance community.
  • The Forest Investors Club, announced by the Department of State on November 2, 2021, and designed to convene major investors in nature-based solutions for climate change.
  • The Net Zero World Initiative, launched by the U.S. Department of Energy on November 3, 2021: a new partnership between countries working to implement their climate ambition pledges and accelerate transitions to net zero, resilient, and inclusive energy systems. DFC will provide investment and business partnership assistance.
  • A Gender-Lens Climate Investment Toolkit, launched by DFC and our 2X Challenge partners CDC group, EIB, and EBRD on November 9, 2021.

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DFC.gov

DFC.gov

U.S. International Development Finance Corporation. Investing in development and advancing U.S. foreign policy. Twitter: @DFCgov