Project profile — Canada-International Finance Corporation Blended Climate Finance Program



Overview 

CA-3-D004328001
$250,000,000
IFC - International Finance Corporation (44004)
2018-03-29 - 2043-03-31
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Africa, regional (30.00%)
• West Indies, regional (9.20%)
• America, regional (20.80%)
• Asia, regional (30.00%)
• Europe, regional (10.00%)

Sector 

• Energy generation, renewable sources - multiple technologies:
Energy generation, renewable sources - multiple technologies (23210) (30.00%)
Solar energy (23230) (45.00%)
• Energy Generation And Supply: Solar energy for isolated grids and standalone systems (23231) (15.00%)
• Agriculture: Agricultural alternative development (31165) (10.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (principal objective)
• Climate Change Adaptation (significant objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

Description 

The Blended Climate Finance Program (BCFP) is a partnership between the Government of Canada and the International Finance Corporation that aims to catalyze private sector financing for resilient infrastructure, climate-smart agriculture, and renewable energy. This Program promotes gender-responsive climate action while providing concessional financing for private sector-led climate change projects in eligible developing countries.

Expected results 

The expected outcomes for this project include: (1) the reduction of greenhouse gas emissions; (2) reduced vulnerability of businesses and communities to the adverse effects of climate change; and (3) enhanced participation by women in climate mitigation and adaptation-relevant sector or activities.

Results achieved 

N/A

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Reimbursable grant
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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