British International Investment (BII), the United Kingdom’s development finance institution and impact investor, is planning to launch a new facility to boost the flow of private capital to meet the twin challenges of development and the climate emergency.
The dedicated facility aims to unlock hundreds of millions of pounds of private investment into climate- and sustainability-focused investments in emerging economies that are currently deemed to be too risky by global investors. It is believed to be the first of its type offered by a development finance institution.
It will address the gap between the risk appetite and return thresholds of commercial investors who are currently inclined to place capital in more developed markets.
“With the launch of this facility, BII and the U.K. Government are demonstrating global leadership in unlocking the private capital that is so desperately needed to accelerate the green transition in emerging economies,” said N