GIF Annual Highlights Report


The GIF Annual Highlights Report demonstrates the GIF’s critical role as the only global public-private platform in the multilateral system dedicated to scaling up private investment in sustainable and climate-smart infrastructure in emerging markets and developing economies (EMDEs) through project preparation. This report covers the GIF’s operations, achievements, and impact between July 1, 2022, and December 31, 2023, including its strong presence at COP28 in Dubai, and illustrates the GIF’s delivery track record as an established global facility in its 10th year of operations and its key role in expanding the market for private infrastructure finance. 

Over the last three years, 93% of projects and programs supported by the GIF have been climate smart, including in renewable energy, energy efficiency, low-carbon transport, social infrastructure, water and wastewater management, as well as new technologies such as green hydrogen.

Since its inception in 2014, the GIF has approved 171 project activities in 68 countries with 21 transactions reaching commercial close, of which 16 also reached financial close. Every $1 provided in GIF project preparation support has mobilized $100 in actual private investment at financial close (excluding commercial DFI finance)—an impressive realized mobilization ratio and a highly efficient use of public funds. The 2023 report by the G20 Independent Expert Group recognizes the critical role of the GIF as gateway to scale for private capital mobilization through the MDB system.

By bringing to market a growing pipeline of sustainable, quality infrastructure projects and programs, the GIF continues to deliver on its ambition to enable private infrastructure finance at transformative scale for sustainable development impact and climate action in EMDEs.

“Scaling up private finance for sustainable, climate-smart infrastructure starts with increasing bankable investment opportunities.”

–    Astrid Manroth, Head of the Global Infrastructure Facility

We thank our funding, technical, beneficiary and advisory partners for the high-impact collaboration during this period.