Source · Select Committees · International Development Committee
Recommendation 20
20
The government should reconsider its decision to fund its investment in the TFFF by redirecting...
Recommendation
The government should reconsider its decision to fund its investment in the TFFF by redirecting existing grant-based ICF towards loans, rather than drawing on new and additional sources. Nevertheless, we believe that it should continue to provide technical assistance on innovative finance instruments pioneered by countries at the forefront of the climate crisis. In doing so, it should aim to shift the ICF paradigm away from “traditional aid” towards investment and partnerships, in line with its broader ODA policy commitments. (Recommendation, Paragraph 70) The UK’s ICF architecture