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BEYOND DIRECT ACCESS HOW NATIONAL GREEN BANKS CAN BUILD COUNTRY OWNERSHIP OF CLIMATE FINANCE
This RMI insight brief argues that the global climate finance system must evolve from a focus on 'direct access' to multilateral funds toward establishing national institutions, specifically Green Investment Banks (GIBs), to ensure true country ownership. The authors posit that for large emerging markets, national GIBs can better mobilize domestic private capital and coordinate financial flows to achieve nationally determined commitments (NDCs) than current international structures.
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Document type: Briefing
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