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Annual Report 2024-2025
Annual Report
Business Regulation and Policy
The Investment Climate Reform (ICR) Facility works with public and private organisations in African, Caribbean and Pacific (ACP) countries to improve their investment climate so that the private sector can thrive, create decent jobs and contribute to sustainable economic transformation. This report reflects the activities of the ICR Facility from December 2019 through August 2025, […]
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How DFIs in ACP Countries Use Alternative Collateral: Trends and Impact on Access to Finance for Women-Owned SMEs
ICReports
Access to Finance
Across ACP countries, access to finance remains a major barrier for women-owned SMEs – often due to limited access to traditional forms of collateral. This study explores how Development Finance Institutions (DFIs) are increasingly using alternative forms of collateral, such as movable assets, receivables, and warehouse receipts. While these tools have not yet been deployed with […]
Language:
English
DFI Insights: Training Briefs
Training
Women's Economic Empowerment
Our new series, DFI Insights, a collection of concise, actionable briefs designed to equip professionals and organisations with the knowledge they need to make informed decisions in the field of development finance. The DFI Insights series distills complex topics into accessible formats, allowing you to quickly grasp the essentials and apply them to your […]
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Trends in Gender Finance in DFIs in Caribbean and Pacific Region
Past Events
Investment Policy
Development Finance Institutions (DFIs) have a key role to play in promoting gender responsive finance and women’s economic empowerment (WEE). While the initiatives of multilateral banks are well-documented and communicated via events and publications, visibility of the efforts of national and sub-regional DFIs on this topic is low. Gender finance is not commonly highlighted on their websites […]
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Language:
English
Trends in Gender Finance in ACP Development Finance Institutions: Overview and Selected Examples
ICReports
Access to Finance
Development Finance Institutions (DFIs) have a key role to play in promoting gender responsive finance and women’s economic empowerment (WEE). While the initiatives of multilateral banks are well-documented and communicated via events and publications, such as 2021’s “Public Development Banks Driving Gender Equality: an Overview of Practices and Measurement Frameworks” by UNWOMEN and the Agence […]
Crowdfunding: an Opportunity to Increase Access to Finance for MSMEs in ACP Countries
ICReports
Business Regulation and Policy
Executive Summary Access to finance is amongst the main challenges faced by micro, small and medium-sized enterprises (MSMEs) in creating and growing their business in African, Caribbean and Pacific (ACP) countries. Meanwhile, crowdfunding is disrupting the financial services industry by democratising access to capital for individuals and businesses and revolutionising the way they interact with […]
Investment Climate Reform and the Adaptation Finance Gap
ICReports
Green Economy
Many ACP countries are highly vulnerable to climate change and yet face shortfalls in funding for adaptation. Engaging the private sector and mobilising its investment is therefore vital to deliver climate adaptation in these countries. ACP countries typically have weak investment climates, however, hindering the private sector from playing a role in climate adaptation and […]
National DFIs: Critical Allies for Climate Action
ICReports
Green Economy
Executive Summary National development finance institutions (NDFIs) can play a vital role in promoting climate financing and thus achieving Nationally Determined Contributions (NDCs) due to their knowledge of local markets, their close connections to domestic public and private stakeholders and their ability for local currency financing. However, currently NDFIs are not involved as intensively in […]
Accelerating ESG Integration: Learning from each other drives impact
ICR Story
Development Finance Institutions
The momentum to embed Environmental, Social, and Governance (ESG) principles into the DNA of financial institutions has never been stronger. And nowhere is this more critical than in the world of development finance, where mission-driven institutions play a pivotal role in shaping sustainable futures. Recognizing the urgency—and the opportunity—the Investment Climate Reform (ICR) Facility, rolled […]
Driving Change: How Gender Assessments Benefit DFIs and Women Entrepreneurs
ICR Story
Development Finance Institutions
There are many reasons why a development finance institution (DFI) would want to conduct a gender assessment. For the Federated States of Micronesia Development Bank (FSMDB), the objectives included better serving women entrepreneurs and thereby growing its client base, formalising gender equality in policies and operations, and meeting the gender requirements of international funders such […]
How are Development Finance Institutions Empowering Women Entrepreneurs? And how is the ICR Facility supporting DFIs to do so?
ICR Story
Women's Economic Empowerment
The ICR Facility is supporting its partners to increase women’s economic empowerment (WEE) by facilitating their access to finance. Our new ICReport How to make the Business Environment work for Women’s Economic Empowerment builds on an earlier publication Trends in Gender Finance in African Caribbean and Pacific Development Finance Institutions and demonstrates how the recommendations made […]
How Technical Assistance for Public Development Banks can be Transformational in Achieving National Climate and Gender Objectives
ICR Story
Access to Finance
On financing and capital markets, women are worse-off than men. Women have less access to finance, assets and collateral. Additionally, the world is faced with an unprecedented climate crisis, with disasters increasing in their severity, frequency and unpredictability. To achieve a gender-equal and ecological transformation of economies, Public Development Banks (PDBs) come into play. PDBs […]
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