Technical Assistance Services – Capacity Development For Financial Intermediaries In Urban Climate Finance. The Technical Assistance (Ta) Operation Is Funded Through The City Climate Finance Gap Fund (Gap Fund). The Gap Fund Was Established In 2020 To Help Cities In Developing And Emerging Countries Realise Their Climate Ambitions By Turning Resilient Low-Carbon Urban Projects Into Finance-Ready Investments. More Specifically, Gap Fund Aims At Supporting Promoters In The Early Project Preparation Stages By Preparing Bankable Climate Action Investment Projects And Facilitating The Access To Later-Stage Project Preparation Facilities And Financiers. The Main Objective Of This Ta, Specifically Designed To Enhance The Offer Of Urban Climate Finance, Is To Provide Support To Financial Institutions (Fis), Such As National And Regional Development/Promotional Banks Or Similar Institutions And Private Financial Institutions, To Strengthen Their Abilities To Act As Conduits Of International Financial Institution (Ifi) Financing To Cities For Urban Climate Projects. Therefore, The Operation Aims At Increasing The Overall Available Funding For Low-Carbon And Climate Resilient Urban Infrastructure Projects, By Creating A Conducive Local Financial And Institutional Environment For Those Projects. More Specifically, The Ta Will: (A) Increase Awareness, General Knowledge And Momentum Of Urban Climate Finance With Relevant Stakeholders In The National And International Climate Action Space; (B) Enhance Fis Understanding, Knowledge, And Expertise Of Urban Climate Finance, And (C) Provide Tailored Ta Support To At Least 5 And Up To 10 Fis To Increase Their Readiness And Capacity For Making Investments Related To Urban Climate Projects. This Ta Operation Aims To Meet Its Objectives By I) Offering Training To Selected Fis On How To Identify, Screen, Appraise, And Monitor Urban Climate Projects, Ii) Providing Bespoke Support To At Least 5 Fis To Strengthen Their Climate Urban Investment Action And Iii) Promoting Awareness Among The Financial Sector Stakeholders And Facilitating Peer Learning In This Field. The Ta Will Be Deployed, On A Need-Basis In Several Of The Oecd-Dac Countries.
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