Fact Sheet

IFC’s Commitment to Climate Finance in Africa

June 14, 2023
Climate financing in Africa will account for US$1.1 trillion by 2030 or 5.1 percent of worldwide climate smart financing demand. IFC invests in banks, microfinance institutions and Non-bank Financial Institutions (NBFIs) to channel sustainable capital towards transition finance. In 2021, climate finance accounted for 32 percent of IFC investments and IFC mobilized US$3.6 billion for climate. For every dollar invested in climate finance, IFC mobilized 92 percent from other investors making IFC the largest climate-related investor in Africa.

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