High Risk - High Impact Investment in Africa. Capital contribution to IFU The purpose of this contribution is to enhance IFU’s investments in lower income African countries. The country focus will be complemented with a high-impact focus in order to priorities investments which are expected to generate high development outcomes closely related to the SDGs in local economies, but where the expected risk-adjusted return would be lower than what IFU can normally accept. This additional contribution under the 2021 Finance Act shall be used for climate investments. In addition to that, the HRHI will contribute to the generation of decent jobs, in particular for women and youth, bottom-of the pyramid, smallholder agriculture, access to affordable and clean energy, and MSME. The blended concessional finance initiative will be integrated into IFU’s governance structure, and will be managed according to current policies and strategies.

Development objective: Enhanced IFU contribution to climate investments, job creation and inclusive green growth in lower income countries in Africa.
Immediate objectives:
1. Blended concessional finance initiative developed and in operation with increased volume of IFU investments in climate projects with high development outcomes in the lower income countries in Africa.
2. Promote and accelerate IFU’s development of procedures for and experience with identifying and managing projects with high development outcomes in lower income countries in Africa.