CAD $223.5 million (Phase II)
The Canadian Climate Fund for the Americas (C2F) aims to catalyze private sector investment in climate change mitigation and adaptation in Latin America and the Caribbean. The fund co-finances the IDB Group’s private sector climate projects in Latin America and the Caribbean that need concessional financing to be viable.
C2F is part of IDB's NDC Invest Platform, a one-stop shop of the IDB Group to help countries access resources needed to translate national climate commitments into investment plans and bankable projects. NDC Invest is a platform that includes the entire universe of financial and non-financial instruments of the IDB Group, and it is comprised of four elements: NDC Programmer, NDC Pipeline Accelerator, NDC Market Booster and NDC Finance Mobilizer. Together, the components aim to enable progress toward both the NDC and IDB lending objectives, as well as toward achievement of the UN Sustainable Development Goals.
IDB Invest's Advisory Services team (blended finance team and climate advisory team) is responsible for managing funds for private sector investments.
Projects may be considered for IDB Invest (the private sector institution of the IDB) financing if:
- they contribute to the development of an IDB Invest borrowing member country
- the majority of the borrower’s voting shares are owned by entities from IDB Invest member
- countries are financially and technically viable
- comply with the IDB Invest’s environmental and social requirements
Countries in Latin America and the Caribbean are eligible.