Jean Marks, Chief Investment Officer and Director of Regional Sustainable and Climate Finance in Infrastructure and Natural Resources for the Middle East and Central Asia, saidTürkiye Afghanistan and Pakistan at the International Finance Corporation, on Thursday, on the sidelines of the activities of the tenth session of the World Green Economy Summit in DubaiHalf of this financing, amounting to $56 billion, came from the Foundation’s own financial resources, while the other half was raised by mobilizing funds from external sources such as partner banks, donors, other development financial institutions, and others.
He explained that the funds were distributed across a wide range of sectors in infrastructure, energy and mining, manufacturing and agriculture, health and educational services, and financial institutions in emerging markets, all over the world.
Morcos pointed out that 40 percent of the total investments or financing derived from the organization’s own resources or from its own account were directed towards climate-related projects, which reflects the growing commitment toInternational Finance Corporation By contributing to efforts to combat climate change.
He stressed the importance of cooperation with international actors to enhance sustainable financing and expand environmental initiatives aimed at reducing carbon emissions.
