Green Finance for Latin America and the Caribbean Platform (GFL)

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Platform or Tool

The Green Finance for Latin America and the Caribbean Platform (GFL) is a knowledge exchange Platform that has been developed to support National Development Banks (NDBs) and other institutional players in the financial market to share knowledge and information on green finance. The GFL Platform showcases 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 businesses in different sectors, including energy, manufacturing, housing, transport, agriculture, forestry and services.

GFL Initiatives include:

GFL was developed by the Inter-American Development Bank’s (IDB) Connectivity, Markets and Finance Division (CMF), which provides support to public and 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.

 

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