Guarantees for climate finance in the World Bank-IMF agenda

Please join the Atlantic Council’s Global Energy Center and GeoEconomics Center on Monday, March 11 at 10:00 a.m. ET for a virtual discussion on mobilizing private investment in climate mitigation and adaptation in the Global South. Speakers will explore how public and private sector financial institutions can expand the use of guarantee instruments to accomplish this goal. They will also examine the World Bank’s latest reforms to expand, streamline, and bring new tools to its guarantee offerings.

There is growing awareness that the use of guarantees is the best way to leverage public funds to bring in major private investors, though they have been used sparingly in the past by the World Bank and other development institutions. The G20’s Independent Experts Group report, Strengthening Multilateral Development Banks, published last summer called for the World Bank to substantially increase guarantee issuances and to expand the role of the Multilateral Investment Guarantee Agency, an international financial institution that provides guarantees against losses from political risk on certain investments in developing countries already backed by the domestic government.