IFC-Germany Climate Facility

IFC-Germany Scale Up Climate Finance through Greening the Financial Sector Program

IFC and the German Government  have partnered to complement the existing “Scaling Up Climate Finance through the Financial Sector” Program with a blended concessional finance component. The €30 million blended finance contribution is expected to enable at least US$600 million in IFC own-account and private sector mobilization by de-risking investments.

Priority Areas

The IFC-Germany program aims to:

• Deploy blended concessional finance towards projects that contribute to an increase in climate-focused lending activities of financial intermediaries (FIs)
• Encourage FIs to align their business strategies with climate targets while reducing climate risk
• Support the development of domestic green bond markets.

The Program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030, while reducing exposure to coal.