National development banks play a key role in financing infrastructure projects in developing countries and mobilizing private capital for climate-compatible infrastructure. However, to attract more commercial investors, these banks will need to go beyond traditional project financing to support new market creation. The discussion will address how national development banks can mobilize private financing through their institutional mandates, incentives for crowding in new sources of funding, and strategic use of concessional resources. Key questions center around how the role of these banks is changing amidst large infrastructure needs, their value in enabling low-carbon development, and how they can help build private investment markets for climate-friendly infrastructure.

1. Mobilising finance and building markets for climate-compatible infrastructure:
the role of National Development Banks
Wednesday, 16 January, 2019 | 14:00 – 15:30 | BB 10
OECD Boulogne Conference Centre
Bridging the infrastructure investment gap will be critical for developing countries to make a decisive transition
towards climate-friendly development pathways. National development banks (NDBs) and development
finance institutions – publicly owned, domestically focused financial institutions with a specific development
mandate – are key actors in infrastructure promotion in developing countries and could help mobilise
commercial capital for climate-compatible infrastructure. But to do this, NDBs will need to move beyond their
traditional role of financing projects and companies to attracting commercial investors to public and private
projects, and supporting the creation of new markets.
This session will draw on emerging findings from a forthcoming OECD report on ‘Mobilising commercial capital
for climate-compatible infrastructure: Insights from national development banks in Brazil and South Africa’,
conducted as part of the ‘Financing Climate Futures: Rethinking Infrastructure initiative’, a collaborative effort
between the OECD, UN Environment and the World Bank Group. It will address key factors for the ability of
NDBs to mobilise private financing and build markets to drive the transition, including institutional mandates
and incentive systems, a deliberate focus on crowding in new investors and sources of finance, and the
targeted use of concessional resources as a key enabler.
Key questions:
 Amidst an estimated infrastructure investment gap of USD 90 trillion until 2030 and a changing
development finance landscape, how is the role of NDBs changing?
 What is the value added of NDBs in driving the transformation to climate-compatible infrastructure?
 How can NDBs contribute to the creation of markets for private financing of climate-compatible
infrastructure?
 What should be the use of concessional finance in bridging the infrastructure financing gap?
Format: Moderated panel discussion, followed by an open debate with the audience
Discussants:
 Admassu Tadesse, Chief Executive Officer, Trade and Development Bank
 Alvino Windschutt-Prins, Investment Partnerships, Development Bank of Southern Africa
 Julia Prescot, Chief Strategy Officer, Meridiam
 Thomas Eriksson, Deputy Director, Donor Co-financing, EBRD
 Emmanuelle Riedel, Head Acess to Finance & Structured Finance, AFD
 Harald Hirschhofer, Senior Advisor, TCX Investment Management Company
 Chris Clubb, Managing Director, Convergence
Moderator: Jens Sedemund, Head, Environment and Climate Change, Development Co-operation
Directorate, OECD
Scene setting: Özlem Taskin, Policy Analyst, Environment and Climate Change,
Development Co-operation Directorate, OECD