The Asian Development Bank has launched the Innovative Finance Facility for Climate in Asia and the Pacific or IF -CAP to tackle the impact of climate change. 

This is believed to be the first time a leveraged guarantee mechanism for climate finance has been adopted by a multilateral development bank.

Up to $15 billion in new loans for much-needed climate projects across Asia and the Pacific could be created under IF-CAP.

Rachel Kelly takes a closer look in this episode of Eco Money.

The Asian Development Bank has launched the Innovative Finance Facility for Climate in Asia and the Pacific or IF -CAP to tackle the impact of climate change. 
This is believed to be the first time a leveraged guarantee mechanism for climate finance has been adopted by a multilateral development bank.
Up to $15 billion in new loans for much-needed climate projects across Asia and the Pacific could be created under IF-CAP.
Rachel Kelly takes a closer look in this episode of Eco Money.

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