IDFC Facility

Philanthropy – Bridging the Financial Gap for Climate Equity

4 June 2024

The IDFC Facility, hosted on May 28, 2024 an event in Nairobi at the Trade and Development Bank Group Operations Hub, TDB Tower under the leadership of its Co-Chair, Mr. Serge EKUE, President of BOAD entitled “Rallying Financial and Technical Support from Donors

Watch the replay of the session:

Amongst the participants, representatives of the philanthropic world namely: the (Bill & Melinda Gates, Children Investment Fund Foundation, Bankers without Borders, UNICEF , Tony Blair Institute for Global Change, Mo Ibrahim Foundation.

This multi-stakeholder engagement strategy for climate and biodiversity is driven by the IDFC Co-Chairs ambitions to rally more support for the IDFC Facility to ensure co-creation, collaboration, and acceleration to unlock solutions and drive bolder results.

Hosting the event in parallel with the African Development Bank Annual meeting, the IDFC Co-Chairs are determined to close the climate finance gaps and accelerate climate action through cross-sectoral partnerships and collaboration.

The side-event presented key climate priorities related to the IDFC climate Action Agenda which includes:

    • fast-tracking a just and orderly energy transition
    • fixing climate finance
  • putting nature, lives and livelihoods at the heart of climate action and underpinning everything with full inclusivity

Indicative support from Children’s Investment Fund Foundation (CIFF) , the Bill & Melinda Gates Foundation, the Tony Blair Institute for Global Change, UNICEF, Bankers without Borders and the FiCS Lab was mostly appreciated.

 

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