Um modelo operacional inovador para as instituições financeiras internacionais do século XXI

The report argues that MDBs must shift from a project-by-project approach to national sectoral platforms and adopt an 'originate-to-distribute' business model to better mobilize private capital. It recommends expanding risk-sharing instruments, such as guarantees and local currency financing, and standardizing KPIs and investment labels to reduce transaction costs and improve transparency for climate investments in EMDEs.

• MDBs should transition from an ad hoc 'project-by-project' approach to a coordinated 'national sectoral platform' model to achieve systemic change and long-term impacts. This includes supporting initiatives like Just Energy Transition Partnerships (JETPs) and V20 Climate Prosperity Plans, while integrating national finance ministries and development banks from the start.
• To lower the cost of capital in EMDEs, MDBs must scale up risk-sharing instruments. The report suggests 'greening' the Multilateral Investment Guarantee Agency (MIGA) and utilizing tools like the Currency Exchange Fund (TCX) to mitigate exchange rate risks, as approximately 60% of foreign currency debt issued by companies is denominated in US dollars.
• MDBs should replace the 'originate-to-hold' model with an 'originate-to-distribute' model. In this approach, MDBs would originate and structure loans but then sell a large portion to the private sector via bonds or loan pooling, thereby recycling capital and increasing lending capacity.
• Standardization of Key Performance Indicators (KPIs) and investment labels is necessary to reduce transaction costs and attract institutional capital. The report suggests using impact-based KPIs (such as energy access) and adopting global labeling systems for sustainable infrastructure assets.
• There is a critical need for project preparation mechanisms to create 'bankable' pipelines in EMDEs, as project development costs typically range between 5% and 10% of the total investment cost. Examples of such mechanisms include the Global Infrastructure Facility (GIF) and the City Climate Finance Gap Fund.
• Domestic capital is a significant untapped resource, with 76% of climate finance flows between 2011 and 2022 being captured and spent internally. Domestic financing could potentially represent about 50% of the climate finance needed in EMDEs.

APA

Climate Policy Initiative (2023). Um modelo operacional inovador para as instituições financeiras internacionais do século XXI. https://www.climatepolicyinitiative.org/pt-br/publication/um-modelo-operacional-inovador-para-as-instituicoes-financeiras-internacionais-do-seculo-xxi/

Chicago

Climate Policy Initiative. Um modelo operacional inovador para as instituições financeiras internacionais do século XXI. 2023. https://www.climatepolicyinitiative.org/pt-br/publication/um-modelo-operacional-inovador-para-as-instituicoes-financeiras-internacionais-do-seculo-xxi/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Um modelo operacional inovador para as instituições financeiras internacionais do século XXI |date=13 November 2023 |url=https://www.climatepolicyinitiative.org/pt-br/publication/um-modelo-operacional-inovador-para-as-instituicoes-financeiras-internacionais-do-seculo-xxi/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2023modelo, author = {{Climate Policy Initiative}}, title = {{Um modelo operacional inovador para as instituições financeiras internacionais do século XXI}}, institution = {Climate Policy Initiative}, year = {2023}, month = nov, url = {https://www.climatepolicyinitiative.org/pt-br/publication/um-modelo-operacional-inovador-para-as-instituicoes-financeiras-internacionais-do-seculo-xxi/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }