The Road to the SDGs

PURPOSE X The P5P envisages the transformation of IsDB from a sovereign financing bank towards an institution able to catalyse private financing for developmental projects. The philosophy of the P5P is centred around creating markets for GVCs. The participation in these global markets requires the creation of capital-intensive infrastructure projects that can connect local industries to GVCs. X To achieve its goals, IsDB needs to build partnerships with global players that provide know-how and financing for green infrastructure. Since mid-2019, IsDB has been engaged in close discussion with the Global Infrastructure Facility (GIF) and the Green Climate Fund (GCF), expediting IsDB’s accreditation with both entities and exploring avenues for collaboration during the accreditation process. X Working with leading international organisational partners and seeking their accreditation will ensure attainment of these goals. For instance, GIF’s experience in project preparation and GCF’s capacity to fund green infrastructure assets are essential for strengthening IsDB’s value proposition in this domain. METHOD The Global Infrastructure Facility X IsDB will partner with GIF to benefit from its abundant experience in structuring bankable infrastructure projects and mobilising funding for project feasibility analyses and preparation. X GIF is a partnership among governments, MDBs, private sector investors and financiers, and is designed to provide a new way of collaborating on preparing, structuring and implementing complex projects that no single institution could handle on its own. X GIF supports governments in bringing well-structured and bankable infrastructure projects to the market. Project support can cover the spectrum of design, preparation, structuring and transaction implementation activities, drawing on the combined expertise of the organisation’s technical and advisory partners and focusing on structures that are able to attract a wide range of private investors. X Housed within the WB, GIF serves as a centre of excellence for preparing infrastructure projects in developing economies. Working closely with its technical partners such as MDBs, it provides funding and hands-on technical expertise for designing and structuring projects that are attractive to private sector investors. P roviding an enabling infrastructure for green value chains and building resilient market systems are key elements of the P5P IsDB therefore actively pursues accreditation with global institutions that support preparation and financing of green infrastructure projects Green finance accreditation The major financing need falls onto infrastructure projects that can connect local industries to GVCs. Green finance accreditation has a crucial role to play in making this possible in a sustainable way [ 156 ] SDGs