Role of Development Financing Institutions (DFIs) and International Organizations (IOs) in accelerating, aligning and scaling-up the finance for resilience of infrastructure

India Pavilion
9 November // 10:00 to 12:00 (UTC +2)

Session Partners: Coalition for Climate Resilient Investment (CCRI), InsuResilience Global Partnership (IGP)

Countries across the globe are suffering from increased frequency and severity of climate and geophysical shocks in recent decades. Vulnerabilities differ across geographies depending on hazard and exposure. While countries are accelerating to invest in infrastructure development to uplift the livelihood of its people, if resilience of infrastructure is left unaccounted it can lead to locking in risks and in turn accumulating unsustainable infrastructures for the future. Therefore, reinforcing the infrastructure to withstand the shocks is of utmost importance.

Different economies are going through industrial development and by strategically recalibrating their focus, DFIs can position themselves as critical players in building resilience in those economies. DFIs can help channel private investments into new technologies, research and help emerging markets accelerate their efforts to achieve the sustainable development goals.

National and international development finance institutions (DFIs) are specialised development banks or subsidiaries set up to support private sector financing in developing countries. They are usually majority-owned by national governments and source their capital from national or international development funds or benefit from government guarantees. This ensures their creditworthiness, which enables them to raise higher quantum of money on international capital markets and provide financing on very competitive terms.

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India Pavilion, COP 27