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News & insights

Date: January 2024 | Sector: Infrastructure | Expertise: Project finance

Development & climate finance: is just looking at the quantum of finance sufficient?

The Viewpoint Note is available to download from the link below. The document draws from a broader based review of development and climate finance. In the note, we consider new ways of mobilising capital via the MDBs and the DFIs, as proposed in recent reports and international fora. However, the volumes of official development finance that can be raised pale in comparison to the immense needs, and there is an impending squeeze of concessional funds.

It is thus indispensable to mobilise private funds for investments in development and climate action. Development financiers must make a concerted effort to stem the build-up of huge FX debt overhangs afflicting LIC/LMICs by moving away from the pricing of finance in FX to pricing in the local currency of host countries. This drives an agenda of beefing up hedge and guarantee providers such as TCX and MIGA, as well as providing risk capital to national development and infrastructure banks that can be leveraged in local debt markets, tapping into domestic savings.

Do you agree with our Viewpoint?

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To find out more, please contact our experts listed below.

Mark Cockburn
Managing Partner United Kingdom