PPIAF Annual Report 2023

Published: 2023
Last Updated: 19 Apr 2024

This year marks the launch of PPIAF’s five-year Renew Strategy for FY23–FY27, which focuses on accelerating universal access to climate-smart, resilient, affordable, and inclusive infrastructure through increased private sector participation. In FY 2023, we approved 51 activities totaling $10.5 million across our four strategic pillars. We surpassed our target to approve 50 percent of activities with climate co-benefits, achieving 65 percent, and an overall 84 percent with top-up support from our Climate Resilience and Environmental Sustainability Technical Advisory (CREST). We are well on the way to reaching a new, ambitious target—where climate co-benefits comprise at least 70 percent of our portfolio. Already, 19 percent of approvals include climate co-benefits. Going forward, PPIAF will focus on mainstreaming climate across its portfolio.

Map of PPIAF activities since inceptionPPIAF exceeded its annual targets in FY23
Document TypeAnnual Report
LanguageEnglish
File TypePDF
ContributorPPIAF
RegionGlobal

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