GFL Green Finance LAC
The GFL Green Finance LAC Platform is a knowledge exchange Platform that has been developed to respond to a demand of National Development Banks (NDBs) and other institutional players in the financial market for sharing information and knowledge about green financing.
The GFL Green Finance LAC intends, in particular, to showcase the latest trends and practices in developing and promoting green finance strategies and innovative risk sharing mechanisms to scale up private investments in environmentally friendly business in different sectors, including energy, manufacturing, housing, transport, agriculture, forestry and services.
The Inter-American Development Bank’s (IDB) Connectivity, Markets and Finance Division (CMF) provides support to public and national development banks (NDBs) throughout the LAC region to promote green finance. CMF works with NDBs to develop and implement financial strategies and innovative risk sharing mechanisms and to promote financing opportunities for climate change mitigation activities.
In recent years, the Division’s work has focused on increasing the integration of climate change and environmental concern into NDBs’ business strategies, developing green financial strategies and supporting NDBs in accessing international climate finance.
CMF continues to play a vital role in shaping the future integration of climate change and environmental protection in financial markets, thereby crowding in the private sector.