International public banks, whether multilateral such as the World Bank or bilateral like the French Development Agency, are key actors in the international funding of the fight against climate change. Beyond their financial power, they have expertise in accompanying project implementation and developing the local institutional and financial ecosystem. The need for climate investment in developing countries is immense: some sources put this figure at close to 2,000 billion dollars per year. Therefore, public banks must not only increase their financing capacity but also the impact of each dollar spent.
I4CE examines how international banks are transforming themselves from within and how they are maximizing their transformational impact in the countries they serve. Through the Mainstreaming Climate in Financial Institutions initiative, which brings together more than 50 financial institutions worldwide, I4CE promotes dialogue between these public banks and the rest of the financial sector.