FINANCING SOLUTIONS
Development Finance Institutions
The European Investment Bank (EIB) is the development bank of the European Union and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB finances and invests through equity and debt solutions projects that achieve the policy objectives of the European Union through loans, guarantees and technical assistance. The EIB focuses on the areas of climate, environment, small and medium-sized enterprises (SMEs), development, cohesion and infrastructure; Indeed, the EIB is one of the largest financiers of green finance in the world.
The EIB contemplates, among its sectors, the financing of "solid waste management"; provides long-term financing and technical assistance to public and private waste management projects, both within the EU and worldwide, in line with the objectives of the EU sectoral policy and the Sustainable Development Goals (SDGs) .
The KfW Development Bank is a development institution with financial expertise, expert knowledge of development policy and many years of national and international experience; funds and supports programs and projects that primarily involve public sector actors in developing countries and emerging economies, from their conception and implementation to monitoring their success. Its aim is to help our partner countries fight poverty, keep peace, protect both the environment and the climate, and shape globalization properly.
KfW Development Bank funds projects that contribute to the mitigation of climate change, for which it considers "solid waste management" as a determining factor; At the same time, they alleviate the impact on the environment caused by the increasing consumption of resources and the accumulation of waste, as a result of better living conditions and income.
he Agence Française de Développement (AFD) Group finances, accompanies and accelerates transitions towards a more just and sustainable world. climate, biodiversity, peace, education, urbanism, health, governance; its teams are involved in more than 4,000 projects in overseas territories and in 115 countries. In this way, they contribute to the commitment of France and the French to meet the Sustainable Development Goals.
AFD has been operating in the solid waste management sector since the early 2000s. In the last five years it has intensified its operations in response to the growing global awareness of the need to act in this sector. AFD promotes a differentiated and adapted approach and thus supports the structuring of sectors, from waste production to final treatment, improving health, social and environmental conditions.
FMO, the Dutch public-private development bank, supports the sustainable growth of the private sector by investing in companies, projects and financial institutions in emerging and underserved markets. Founded in 1970, FMO is now present in 85 countries, including some of the world's most complex business environments.
FMO funds long-term projects that boost economies, promote the transition to a low carbon system and safeguard energy security. Sanitary landfills, which cause 14% of global methane emissions, represent an important source of greenhouse gas (GHG) emissions into the atmosphere, therefore, projects related to the management and treatment of solid waste are financeable.
The Nordic Development Fund (NDF) is the joint international financial institution of the five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden. NDF focuses on the nexus between climate change and development in low-income countries and countries in fragile situations. Since the introduction of the climate mandate in 2009, NDF has built a track record of adding value by financing climate adaptation and mitigation projects in close interaction with its extensive network of strategic partners.
The Nordic Development Fund (NDF) grants financing to initiatives aimed at promoting the Circular Economy, to mitigate the effects of climate change, among which are projects linked to the management and energy recovery of solid waste.
The International Finance Corporation, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. IFC helps developing countries achieve sustainable growth by financing investments, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.
IFC supports projects across the entire waste value chain, from upstream industry/population to downstream disposal and energy use. Through investments (corporate and project financing, seed capital, and access to concessional funds) and advisory services, IFC supports an integrated approach to solid waste management, with regional strategies to achieve economies of scale and reduce costs.
The Inter-American Development Bank (IDB) is the main source of multilateral financing for development projects in Latin America and the Caribbean. Its objective is to reduce poverty, fight against social inequalities and promote sustainable economic development in the region. The IDB provides support through the granting of credits and advances, as well as its knowledge and technical support.
The IDB supports lending member countries in their efforts to provide universal access to solid waste management services, promoting the incorporation of circular economy principles, encouraging the prevention and recovery of waste, and ensuring the correct final disposal of the elements that they cannot be reused. It offers technical support and financing to projects that allow these objectives to be achieved, through the financing of investments and the development of capacities, knowledge and innovation.
CAF is a multilateral financial institution that promotes sustainable development and integration in the region. Recognizing that the concept of sustainable development is multidimensional, the institution attaches great importance to the environmental and climate aspects, considering the support that the region requires for the transformations that allow a transition towards an economy resilient to climate change and low carbon as a priority.
CAF, within the framework of its institutional vision and through the Corporate Department of Environment and Climate Change, included cross-cutting support to the different socioeconomic sectors in its Strategic Plan, including waste management and treatment, through the mobilization of international financial resources that promote the green economy.
The Caribbean Development Bank (CDB) is committed to helping borrowing member countries reduce inequality and reduce extreme poverty by supporting inclusive and sustainable growth and promoting good governance; Its objective is to promote cooperation, regional integration and economic, social and institutional development in the Caribbean area; finances projects and programs that contribute to the development of the region or of any of the member countries of the region.
CBD takes measures to protect the environment, supporting the development of capacities and projects that mitigate the impact of climate change and reduce the probability of flooding. The Bank helps its borrowing member countries design and implement policies, strategies, and investment programs to address climate resilience and meet their sustainable development goals.
BCIE is a Multilateral Financial Institution whose objective is to promote the integration, balanced economic and social development of the Central American region; and, together with the partner countries, seek financial solutions that contribute to the generation of employment and increase the well-being and quality of life of the citizens of those countries; To this end, it grants loans and other financial aid to the public sector of the beneficiary countries to finance projects and programs, and to the private sector through loans or participation in the capital of companies.
Its Transversal Axis is “Environmental and Social Sustainability”, through the approval of projects and programs that favor social appropriation and that address the need to preserve the environment; in this sense, it supports projects that reduce carbon emissions.
NADBank is a bilateral financial institution established and capitalized by the Governments of Mexico and the United States for the purpose of granting financing to support the development and implementation of environmental infrastructure projects, as well as providing assistance, both technical and otherwise, for projects and actions that contribute to preserve, protect or improve the environment of the border region to increase the well-being of the population of Mexico and the United States.
NADBank funds projects that prevent, control, or reduce environmental pollutants, especially those that support the proper management of solid waste, including its collection and final disposal, as well as recycling and waste reduction, and the management of industrial and hazardous waste, with the aim of purpose of improving human health, promoting sustainable development or contributing to a better quality of life.
The fundamental objective of the African Development Bank Group is to promote sustainable economic development and social progress in its regional member countries (RPCs), thereby contributing to poverty reduction, as well as to mobilize and allocate resources for investment in PRMs, providing technical assistance to support development efforts. The Bank's strategy is designed to place the Bank at the center of Africa's transformation and to improve the quality of African growth, ensuring that growth is shared, inclusive, widespread and “green”.
The AfDB finances projects related to climate change, green growth, renewable energy and solid waste management; with special attention to projects whose objective is the conversion of solid waste into energy that will eventually lead to the creation of a circular economy, thus contributing to better living conditions and sustainable human development.
The Asian Development Bank (AsDB) is a financial organization for the economic development of Asia and the Pacific. It is a multilateral development bank, whose objective is to help its members that are developing countries to reduce poverty and improve the quality of life of the population through inclusive economic growth, environmentally sustainable development and regional integration. To this end, it seeks to promote economic growth and cooperation in the Asia-Pacific region, and accelerate the process of economic development of its member countries.
ADB has been working to support waste management and promote the “reduce, reuse, recycle” (3R) approach in the Asia-Pacific region through public and private engagement at the policy and project level; In this sense, it finances projects focused on waste management and climate change. ADB supports innovations that promote good waste management practices and sustainable urban growth in South Asia.
The Abu Dhabi Development Fund (ADFD) is a leading national economic development aid entity owned by the Abu Dhabi government. Its objective is to help emerging countries by providing loans under favorable conditions to finance sustainable development projects, as well as offering economic assistance in the form of loans, donations or equity participation in projects carried out in Arab, African, Asian and other countries, such as support their economic development.
Given the growing importance of the renewable energy sector in accelerating sustainable development, ADFD provides concessional loans to implement waste-to-energy projects.
The Kuwait Fund for Arab Economic Development is the first institution in the Middle East to take an active role in international development efforts. The Kuwait Fund provides concessional loans to finance development projects in developing countries. The Fund also provides technical assistance to finance the costs of project feasibility studies, as well as training of nationals of the borrowing countries. In addition, the Fund subscribes capital from international and regional development institutions. Today, the Kuwait Fund forms a strong bridge of friendship and solidarity between the state of Kuwait and developing nations.
The Fund finances projects whose objective is to improve the provision of public services in the communities, among which stands out the management and treatment of solid waste.
The Green Climate Fund, created in 2011, is the financial mechanism of the United Nations Framework Convention on Climate Change. Its objective is to contribute ambitiously to the achievement of the climate change mitigation and adaptation objectives of the international community. This instrument is expected to become the main multilateral financing mechanism to support climate action in developing countries, targeting developing countries, African states and the island states of the southern hemisphere as preferential targets.
8 preferential areas of action have been designated, 4 in mitigation (energy and access to energy; transport; construction, cities, industries, household appliances; and forests and agricultural uses) and 4 in adaptation (health, food security, access and supply of water; strengthening the resilience of people and communities; infrastructures and ecosystems; and ecological services).
The Global Environment Facility was created on the eve of the 1992 Rio Earth Summit to help address our planet's most pressing environmental problems. Since then, the GEF has provided more than $17.9 billion in grants and mobilized an additional $93.2 billion in co-financing for more than 4,500 projects in 170 countries. Today, the GEF is an international partnership of 183 countries, international institutions, civil society organizations, and the private sector working on global environmental issues.
The GEF Trust Fund is replenished every four years with donor commitments, which materialize over a four-year period. With the funds obtained, actions are financed in six areas: biodiversity, climate change, international waters, soil degradation, forests and chemical contaminants, and waste management.
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