The Bank’s resource mobilization strategy is driven by the need to broaden funding sources, and also providing value-added services (“additionality”) to enhance the developmental impact of resources mobilized. The Bank’s strong collaboration with market players goes a long way in facilitating the mobilisation of much needed resources for the implementation of priority infrastructure projects. The Bank places sustainability at the core of its financing activities. Therefore, in addition to technical feasibility and financial viability, projects supported by the Bank must adequately address environmental, social and gender considerations to ensure their sustainability and positive impact.
The Bank’s resource mobilisation strategy is anchored on the following key objectives:
- mobilising sustainable financing in support of bankable infrastructure projects and the Bank’s private sector lending business;
- building strategic partnerships with other DFIs/MFIs and private sector investors;
- growing the Bank’s capital base; and
- developing a climate finance capability within the Bank.
Strategic Partnerships
A key pillar of the Bank’s resource mobilisation strategy is the establishment and nurturing of strategic partnerships with cooperating partners (i.e. other DFIs and multilateral finance institutions) and private sector investors. Such partnerships will facilitate collaboration in the preparation and financing of projects in agreed areas, as well as access to lines of credit, arranging and placement capabilities, credit enhancements and technical assistance.
Climate Finance and Sustainability
In 2017, the IDBZ was nominated by the Government of Zimbabwe as the National Implementing Entity (“NIE”) for the Green Climate Fund (“GCF”) in Zimbabwe. In this role, the Bank will help coordinate national efforts to develop infrastructure related adaptation and mitigation projects and mobilising financing from the GCF and other climate finance sources. The Bank is therefore building its climate finance capability with technical support from cooperating partners.
The Bank is currently undergoing accreditation with the GCF. Successful accreditation will allow the Bank to access GCF resources in support of climate projects in priority infrastructure sectors, including renewable energy, waste management systems, and irrigation schemes.