IDB Group Launches ReInvest+: Going Where the Money Is to Unlock Private Climate Finance
United States, Sept. 23 -- The Inter-American Development Bank Group (IDB Group), in partnership with SB COP and the Brazilian COP30 Presidency, today launched ReInvest+, a bold new initiative to bridge global financial markets with the transformative adaptation and mitigation projects urgently needed in developing countries. Developing nations aside from China require more than $1.3 trillion annually to build resilience against climate events and reduce emissions. Public resources can only cover a fraction of this need, which makes unlocking private resources critical. However, private capital flows remain slow; global investors favor rated, hard-currency securities, while the projects most in need are early-stage, unrated, and often in lo...
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