My Name is Faheem Noor Ali and I am a Climate Finance Trade Commissioner based out of the Embassy of Canada in Washington DC.In a typical day, I get to meet with, and introduce Canadian project developers to, investment officers at some of the most prominent Development Finance Institutions in Washington DC such as the World Bank, International Finance Corporation, Inter-American Development Bank and the Development Finance Corporation.I also get a chance to interact with a variety of other climate financiers in the private sector, government and everywhere in between.The purpose of this series is to bring the perspectives of the various people are active in climate finance to you.This will keep you informed of new developments and, for our Canadian Trade Commissioner Service clients, get you better prepared to meet some of the people from these various institutions. For those of you not familiar with the Trade Commissioner Service, or TCS for short, we help Canadian companies navigate the complexities of international markets and make better business decisions. The TCS is on the ground in more than 160 cities worldwide. We gain market intelligence, uncover opportunities for Canadian companies and help reduce business costs and risks. The TCS is a free service of the Government of Canada, helping companies to prepare for international markets, assess market potential, find qualified contacts and resolve business problems. Our network of international contacts is unbeatable. As part of Global Affairs Canada and of Canada’s network of embassies, the TCS has access to local governments and key business leaders and decision makers. We can increase the credibility of Canadian companies in global markets by helping them gain access to local contacts not readily available to outside businesses. As the Climate Finance Trade Commissioner for the Americas, my role is to connect clients to opportunities with DC based institutions as well as funders in Latin America and the Caribbean.
FinDev Canada on investing and strategy moving forward
32:18What is FinDev Canada and what does it do? Since its inception a few years ago, FinDev Canada has been committed to making impactful investments in Africa and Latin America. Lori Kerr, CEO of FinDev Canada, joins the podcast to share priority areas for the organization and what they aim to build in the years to come.
How the US Development Finance Corporation (DFC) works globally?
28:56The US DFC is a relatively new Development Finance Institution since it evolved from its predecessor, OPIC. This has meant a greater emphasis on climate, a wider range of financial instruments at their disposal (such as equity and TA) and presents new opportunities for project developers. Nadia Khawar, Director for Business Development in the Office of Structured Finance and Insurance at DFC, shares how DFC operates, where it is keen to invest and how they can work with Canadian projects in emerging markets.
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IDB Natural Capital Labs Greg Watson shares the critical role NC plays in climate change and development
42:54Why is Natural Capital investing so important? IDB’s Natural Capital Lab lead Greg Watson shares the priorities of the IDB around investing into nature based solutions and the financial instruments they support to make NBS investing a reality.
Canadian Commercial Corporation’s Antony Rizk on Canadian exporters
45:18The Canadian Commercial Corporation (CCC) is truly a unique Crown corporation that allows Canadian companies to compete for government-to-government contracts by putting Canada behind its industry and exporters. Antony Rizk explains how they get this done with the care it deserves and how they make Canada competitive.
IDB Lab’s Anita Fiori shares how they invest in start ups in Latin America and Caribbean
37:36IDB Lab’s is a unique entity within the DFI community because of the early stage investments they can make. Anita Fiori leads IDB Lab’s venture capital and direct loans operations and shares how they are making catalytic investments in the region.
Dutch investor FMO’s Floor van Oppen explains FMO’s work in blended finance
30:09We’re back in the Netherlands, this time with the Dutch Financial Institution, FMO. A user of blended finance before it was known as blended finance, FMO has a lot of experience in leveraging private capital. Floor van Oppen explains how through the lens of climate action.
Canada at COP26: Reflections from Canada's Climate Change Ambassador Patricia Fuller
33:00Ambassador Patricia Fuller is Canada’s Ambassador for Climate Change and was a member of Canada’ delegation to COP26 in Glasgow. She shares her impressions of COP and outlines Canada’s contributions to COP26 and climate change and how climate financing will be deployed.
Darren Moens explains Climate Fund Managers’ unique approach to climate investments
22:36Climate Fund Managers is about to launch their second fund focused on water, oceans and sanitation. In this episode, Darren Moens explains to Rachel Soares (Climate Finance Trade Commissioner for Europe) how this Dutch-based climate fund mobilises private and public sector capital, and is looking for water/wastewater/waste project developers.
Denise Odaro, IFC’s IR head, talks about Treasury and ESG among its partners
22:52What is the role of IFC Treasury and how does it work with Financial Institution to advance Climate objectives? This week we are joined by IFC’s Head of Industrial Relations, Esohe Denise Odaro, who describes how the IFC Treasury function works and how they incentivized financial institutions to reach ESG objectives. Denise also is the Chairperson of the Executive Committee of the Green, Social and Sustainability-Linked Bonds Principles hosted by the International Capital Markets Association and was names by Environmental Finance as 2020 “Personality of the Year”.