BII announces new initiative to scale up climate finance in emerging economies
BII to issue a call for proposals for best-in-class investment strategies.
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British International Investment (BII), the UK’s development finance institution and impact investor, has announced a new initiative under the recently launched £100 million Mobilisation Facility to boost the flow of private capital into emerging economies considered too risky by global investors.
BII is partnering with Mercer, a global investment firm providing advice, research and solutions, to issue a call for proposals for best-in-class investment strategies to overcome these constraints, by leveraging concessional capital to increase the level of private investment into climate-related projects in emerging markets and developing economies.
Asset managers with a demonstrable track record in climate finance and interest in emerging markets and developing economies will be invited to share innovative ideas to boost private investment into these regions.
Up to £50 million of the Mobilisation Facility will be available for successful proposals, as well as the opportunity to access non-concessional investment funding from BII. All proposals should demonstrate the potential for significant mobilisation, impact, scalability, and sustainability.  This will be evaluated by a panel of experts, who will identify up to three proposals to go through BII’s investment committee process for funding consideration from 2025 onwards.
For the remaining available Mobilisation Facility, BII will continue to seek new projects through its standard investment channels and across a range of sectors, regions and financing products.
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