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Finance |
The African Development Bank (AfDB)
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The African Development Bank (AfDB) Group is a regional multilateral development finance institution, established to contribute to the economic development and social progress of African countries that are the institution’s Regional Member Countries. The AfDB comprises three entities: the African Development Bank (ADB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). The AfDB's mission is to help reduce poverty, to improve the living conditions for all Africans, and to mobilise resource for the continent’s economic and social development.
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Development Bank of Latin America
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CAF is a development bank created in 1970, owned by 19 countries - 17 in Latin America and the Caribbean, Spain and Portugal - as well as 13 private banks in the region. It promotes a sustainable development model through credit operations and non-reimbursable resources, and supports the technical and financial structuring of projects in the public and private sectors of the shareholder countries of Latin America.
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Green Climate Fund
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The GCF is a global fund that supports the efforts of developing countries to respond to the challenges of climate change, to limit or reduce greenhouse gas (GHG) emissions, and to adapt to climate change. GCF has a multi-layered approach to mobilize climate finance, working directly with the public and private sectors. It is important to note that developing countries are in the driving seat of GCF’s targeting and disbursement of climate finance. National Designated Authorities (NDAs) for each developing country act as the country’s interface with the Fund, and are involved closely in all of GCF’s funding processes.
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Inter-American Development Bank
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The IDB Group is composed of the Inter-American Development Bank (IDB), IDB Invest and the Multilateral Investment Fund (MIF), a fund administered by the IDB. The IDB, the oldest and largest regional multilateral development bank, is the main source of multilateral financing for economic, social, and institutional development in Latin America and the Caribbean. With a history dating back to 1959, the IDB’s aim is to achieve sustainable and climate-friendly development in the region. It provides loans, grants, technical assistance, and conducts extensive research. It maintains a strong commitment to achieving measurable results and the highest standards of increased integrity, transparency, and accountability.
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KfW
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KfW is one of the world’s leading promotional banks. It is committed to improving economic, social and ecological living conditions all around the world on behalf of the Federal Republic of Germany and the federal states. Its global network includes around 80 local and representative offices in the partner countries. KfW promotes and supports programmes and projects that mainly involve state actors in developing and emerging economies – from their conception and execution to monitoring their success. Initially, agreements between partner countries and the German federal government are made for KfW programmes and projects. KfW supports and advises its partner countries throughout the entire project cycle, from preparation and execution to long after the start of operations. Local partners are responsible for preparing and executing projects. KfW also takes responsibility for systematic quality assurance/evaluation of the project.
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