EIB supports innovative climate action in emerging markets alongside private equity firm LeapFrog Investments
Luxembourg, April 22 -- The European Investment Bank is accelerating the use of green technologies in Africa and Asia with a $60 million pledge for private equity firm LeapFrog Investments (LeapFrog). The pledge by the EIB, financial arm of the European Union, is for a LeapFrog Climate Investment Strategy that has also drawn support from the World Bank Group's International Finance Corporation (IFC), Singapore headquartered global investment companyTemasek and the Swiss Development Finance Institution (SIFEM).LeapFrog aims to deploy $500 million under its Climate Investment Strategy to scale green tools and technologies for consumers in Africa and Asia. Millions of people are expected to have access to better and greener transport, energy, ...
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