MAKING FINANCE AVAILABLE, ACCESSIBLE, AFFORDABLE
P1 Unlocking the investment opportunity
- Report from Independent High Level Expert Group
- Declaration issued jointly by 13 heads of state representing all constituencies
Collective Action
P2 Delivering Commitments & Ambitions
- $100B met for the first time in 2022
- GCF Record Replenishment $3.5B
- L&D Created and Funded $726M
- Adaptation Fund contributions $134M
P3 Fiscal Space for Climate Action
- UAE Contributed $200M to RST
- Debt Clauses by UK, France, WB, IDB, EIB, EBRD and AfDB; UK issued 1st for Senegal
- Spain announces new debt clauses, and new SDR pledges to IMF
- World Bank announces 50-year loans
P4 Broadening Concessional Finance
- New Task Force on Global Taxation
- AfDB SDR Facility endorsed by France, Japan
- SDR to MDBs received IMF board approval and G20 developing note on SDR rechaneling
- Japan first contributor to Livable Planet Fund
Opportunity For All
P5 Delivering Just, Country-Owned Transitions, Leaving No One Behind
- Shifted the narrative for Africa
- 50% of $4.5B Clean Energy allocated
- Africa Green Industrialization Initiative launched
- WB-AfDB clean energy access in Africa initiative
- UAE $150mn to solutions for water scarcity
- Scaling climate finance through innovative technologies
P6 Country Plans & Programs
- Country Platform for Bangladesh
- Country Program for North Macedonia
- Egypt NWFE platform strengthened
- Collaborative Co-financing portal
- Spain announces support for enhanced IMF-WB country-led work
P7 Better, bigger, bolder MDBs
- $180B new multiyear programs by MDBs
- WB 50/50 on Adaptation/Mitigation
- IsDB Adaptation in Conflict Countries, $1B
- IDB Amazon Program, $5B
- New donor commitments to World Bank
- IDB new strategy, $3.5 bn capital increase
- MDBs joint viewpoint note to G20 MDB roadmap
Delivering Scale
P8 Mobilizing Domestic Resources
P9 Unlocking Highway of Private Finance
- $30B Alterra created, $6.6B committed
- New blended finance instruments (ACP; Norway Guarantee, Germany Green Guarantee Group)
- Roadmap for Islamic Sustainable Finance
- Green Guarantee Company launched $100mn
- World Bank one-stop shop for guarantees
P10 Delivering High Integrity Carbon Markets
- Integrity Guidelines issued
- Country leaders, UNFCCC, affirmed VCM
- WB: 16 Forestry Carbon Projects, 24M Credits