Focus Area

Blended Concessional Finance for Climate

Climate change is a major risk to good development outcomes, and the World Bank Group is committed to playing an important role in helping countries integrate climate action into their core development agendas. IFC began using blended concessional finance in 2005 to help investors manage the higher risks or uncertainties associated with new, unproven technologies or first-of-their kind projects.

To make progress on the climate agenda, at a scale that is needed in a narrowing window of opportunity, private sector participation is essential. IFC has a proven track record of mobilizing and intermediating concessional finance through successful partnerships that work toward the transition to a low-carbon future.

Climate Facilities

IFC's Climate Business

As the largest development finance institution supporting the private sector in emerging markets, IFC is uniquely positioned to build new markets for climate business. In fiscal year 2023, IFC delivered $7.6 billion in climate finance and mobilized an additional $6.8 billion from other sources. Moving forward,  IFC will continue to focus on its five key sectors — building momentum in clean energy, green buildings, climate-smart agribusiness; smart cities and green finance.