Ministry for Foreign Affairs and IFC to present the new Climate Fund
Recently Finland decided on a significant investment in a fund that supports climate projects in developing countries. In December IFC’s Vice President will visit Finland to tell more about the cooperation.
In October 2017 the International Finance Corporation IFC and Finland agreed in Washington on setting up a joint fund that will support renewable and clean energy solutions and climate projects in developing countries. Finland will channel a total of EUR 114 million into the Finland-IFC Blended Finance for Climate Program to be invested in projects during the next five years. This will be the largest funding ever targeted at international climate work in Finland.
How does the fund work and what does it mean for Finnish companies? The Finland-IFC Blended Finance for Climate Program will be presented in Finland for the first time in mid-December, when IFC Vice President Nena Stoiljkovic and the Minister for Foreign Trade and Development of Finland Kai Mykkänen will tell about the matter in two seminars to be organised in Helsinki (14 December) and Vaasa (15 December).
Collaboration with the world’s largest development funding organisation in the private sector may also open up new opportunities for Finnish companies, many of which have strong competence in climate issues and expertise in the Fund’s priority sectors. These include energy efficiency, renewable energy, sustainable forestry and land use, meteorology, and water and wastewater solutions.
Register to the seminars and learn more:
Draft agendas for the events can be found behind the following links:
Read more about Finland-IFC climate fund here.