UK guarantee to the Asian Development Bank’s Innovative Financing Facility for Climate in Asia and the Pacific
Description
The Innovative Financing Facility for Climate in Asia and the Pacific (IFCAP) is a new multi-donor financing mechanism being established by the Asian Development Bank (ADB). Through IFCAP, development partners will be able to contribute a combination of grants and guarantees to the ADB, which will unlock new climate-focused lending from the Bank. The proposed UK guarantee to support IFCAP would unlock up to $1.8bn of additional, affordable climate finance from the ADB for middle-income countries in Asia and the Pacific.
Location
The country, countries or regions that benefit from this Programme.
Status Implementation
The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.
Programme Spend
Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.
Participating Organisation(s)
Help with participating organisations
Accountable:Organisation responsible for oversight of the activity
Extending: Organisation that manages the budget on behalf of the funding organisation.
Funding: Organisation which provides funds.
Implementing: Organisations implementing the activity.
- Accountable
- Funding
- Implementing
Sectors
Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.
Budget
A comparison across financial years of forecast budget and spend to date on the Programme.
Policy Marker(s)
ODA measures in relation to their realisation of OECD development policy objectives
Download IATI Data for GB-GOV-1-400072