Copyright © Mekong Strategic Partners. All Rights Reserved.
Mekong Strategic Partners was invited by several international conservation organisations to partner and develop a sustainable financing mechanism to support overall conservation objectives, as well as the development of a greener and more climate resiliant economy in Cambodia. Leveraging from its extensive experience in the finance sector and investment landscape across Cambodia and the region, MSP developed the Cambodian Institute for Green Financing. Currently MSP is in advanced discussions and planning with the Cambodian Government and the Green Climate Fund to launch this initiative.
The Green Climate Fund (GCF) is a global fund created to support the efforts of developing countries to respond to the challenge of climate change. It was set up by the 194 countries who are parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism.
MSP has been approved and received official delivery partner status for Green Climate Fund (GCF). As a delivery partner for GCF, we have been approved for readiness funding to design and prepare to launch a catalytic green lending facility / vehicle for Cambodia, which will provide suitably structured, local finance solutions required to catalyze and scale up investment into climate friendly businesses.
Cambodia currently lacks a private sector focused financial institution which has the capability to source and attract domestic and international climate finance into Cambodia, and then to on lend into local businesses and projects, whose activities will have strong climate outcomes.
With support from the National Government of Cambodia, international development & climate focused lenders, and local leading financial institutions, Mekong Strategic Partners aims to support the acceleration of Cambodia towards a greener economy and society, boosting its resilience to the impacts of climate change. It is anticipated this effort could prove a replicable model for scaling up locally driven climate finance solutions across Asia.