FAST-Infra: promoting sustainable growth through common standards on sustainability
Recognizing the need to crowd-in more private investment into sustainable infrastructure, the Global Infrastructure Facility (GIF) has collaborated with the Climate Policy Initiative (CPI), HSBC, the International Finance Corporation (IFC) and the Organisation for Economic Co-operation and Development (OECD) on a joint venture called FAST-Infra, a public-private initiative bringing more than 50 organizations together to push for collective action to mobilize private finance and de-risk investments in sustainable infrastructure in developing countries.
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Is your project robust to the impacts of climate change and disasters?
A stress testing methodology and tool were recently developed to ensure that the economic analyses of World Bank projects properly consider climate and disaster risks. When applied to a transport project in India, the methodology demonstrated that the project is robust to even highly pessimistic climate and disaster scenarios.
The President addressed the Summit on Central African Economic and Monetary Community (CEMAC) on August 18.