2019/2020: GlobalDF has been actively involved in various development activities: (1) designed and implemented the on-line PIDA Job Creation Toolkit for the African Union Development Agency NEPAD with the support of the German government to increase the capacity of African governments, development partners, and the private sector to maximize the number and quality of African jobs created from African infrastructure projects; (2) prepared the forthcoming publication “Financing Roadmaps for Climate Projects: How can local governments in Sub-Saharan Africa facilitate access to finance?” on behalf of the Covenant of Mayors in Sub-Saharan Africa (COM SSA) with support from the GIZ COM SSA Team; and (3) developed six training modules (project development, finance, and four specific types of climate projects) for COM SSA to use in workshops with local governments and other stakeholders across Sub-Saharan Africa.
GlobalDF also continued its advocacy for practical steps to mobilize the private sector for development, contributing presentations to key investment forums such as the 2019 G-20 Workshop at the United Nations and the 2020 OECD high-level technical meetings to accelerate infrastructure development in Africa with the Africa Center for Economic Transformation. GlobalDF Executive Director Dr. Barbara Samuels also served as senior advisor to the United Nations Office of Financing for Development in the design of the Global Investors for Sustainable Development Alliance (GISD).
In 2019 and 2020, Dr. Samuels has served as senior advisor to the Co-Guarantee Platform for Africa (“Platform”), aimed at scaling risk mitigation to increase access to finance for African infrastructure, trade, and other economic sectors. Dr. Samuels has also supported the development of the Platform’s infrastructure window, the Africa Infrastructure Guarantee Mechanism (AIGM), promoted by the African Union Development Agency NEPAD. Platform Participants include: The African Development Bank (AfDB) (as promoter and interim secretariat); African Export-Import Bank (Afreximbank); African Trade Insurance Agency (ATI); GuarantCo, part of the Private Infrastructure Development Group (PIDG); Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC), part of the Islamic Development Bank Group; and the African Union Development Agency AUDA-NEPAD (as representative of the African Union and promoter of the Platform’s infrastructure window AIGM).
2018: GlobalDF continued its work as: (1) technical advisor for infrastructure development, risk mitigation, and finance (for the African Union's Development Agency NEPAD, the City Climate Finance Leadership Alliance set up by the United Nations Secretary General); (2) developer of on-line toolkits scaling capacities for development and finance (PIDA Job Creation Toolkit, World Bank City Creditworthiness Assessment and Planning Toolkit & Water Creditworthiness Initiative Creditworthiness and Planning Toolkit); and (3) advocacy for practical steps to mobilize the private sector for development, authoring reports and speaking at key investment forums as detailed below.
GlobalDF Executive Director Dr. Samuels co-authored with Africainvestor CEO Hubert Danso the Report “2018 Benchmark for Investing in African Infrastructure Project Development: Institutional Investment and Commercial Project Development in Africa.” The priority actions and processes required to mobilize institutional and other long-term investment for Africa’s infrastructure are set forth, with detailed input from institutional investors and project developers. The report was presented at the African Investment Forum in Johannesburg, South Africa in November 2018. Throughout the year GlobalDF continued its advocacy work in support of practical technical actions that are required to build pipelines of investable infrastructure projects and achieve sustainable development, encompassing policies, project preparation, risk mitigation, finance, training, and performance metrics.
2017: GlobalDF developed first benchmark on infrastructure project development and action plans for unlocking institutional investment for Africa's infrastructure; provided technical support to create World Bank Water Creditworthiness Self-Assessment & Planning Toolkit.
2018: GlobalDF continued its work as: (1) technical advisor for infrastructure development, risk mitigation, and finance (for the African Union's implementation agency NEPAD, the City Climate Finance Leadership Alliance set up by the United Nations Secretary General); (2) developer of on-line toolkits scaling capacities for development and finance (PIDA Job Creation Toolkit, World Bank City Creditworthiness
- Technical partner for the on-line PIDA Job Creation Toolkit. Conducted for the NEPAD Agency with the support of the German government, the objective is to increase the capacity of African Project Owners, host governments, development partners, and the private sector to maximize the number and quality of jobs created from African infrastructure projects.
- Co-authored with Africainvestor the Report “2018 Benchmark for Investing in African Infrastructure Project Development: Institutional Investment and Commercial Project Development in Africa.” The priority actions and processes required to mobilize institutional and other long-term investment for Africa’s infrastructure are set forth, with detailed input from institutional investors and project developers. The report was presented at the African Investment Forum in Johannesburg, South Africa in November 2018.
- GlobalDF has continued its advocacy work in support of practical technical actions that are required to build pipelines of investable infrastructure projects and achieve sustainable development, encompassing policies, project preparation, risk mitigation, finance, training, and performance metrics.
2017: Developed first benchmark on infrastructure project development and action plans for unlocking institutional investment for Africa's infrastructure; provided technical support to create World Bank Water Creditworthiness Self-Assessment & Planning Toolkit
March 2016: We finalized our technical support to the World Bank City Creditworthiness Initiative under our Rockefeller Foundation grant - see www.citycred.org.
July 23rd, 2015: In support of the Addis Ababa Action Agenda (click here) ratified by UN Members States at the Third International Conference on Financing for Development, the FfD Business Sector Steering Committee prepared the "Financing for Development Business Compendium: Existing Initiatives & Actionable Proposals to Mobilize the Private Sector for Achieving the Sustainable Development Goals" (click here). During the conference, GlobalDF presented “Connecting Supply and Demand: Building Local Infrastructure Markets for Sustainable Development Results” (click here)
June 25th, 2014: GlobalDF has launched an online donation service to increase its technical interventions aimed at sustainable solutions to poverty: Empowering individuals in the public and private sectors to grow the private sector, provide private capital, create jobs, and improve business-enabling environments.
Only with technical sustainable interventions can we together reduce the harm inflicted by poverty on millions of children and their parents, transforming the lives of millions of individuals and creating a more sustainable world for us all.
To donate via credit card or your PayPal account, please click below.
More information on GlobalDF can be obtained by emailing: firstname.lastname@example.org
NOTE: The Global Clearinghouse for Development Finance (“GlobalDF”) is classified by the United States Internal Revenue Service as a 501(c)(3) nonprofit organization. No benefit accrues to you as a result of your gift and your gift is fully tax deductible, as allowed by law.
Below are selected updates on GlobalDF's activities.
An Ugandan woman entrepreneur who could participate in the Uganda District Government-Investor Network aimed at identifying business opportunities and impediments that the government needs to address. GlobalDF has been working to help entrepenuers like her by providing financial technical advisory to projects. One example is a farmer cooperative of 18,000 farmers so they can have their own milk-processing firm, producung 100,000 liters of milk products a day.
The poor Uganda farmers contributed milk on a daily basis to raise the funds to construct the building for their own milk-processing plant shown above. A key focus of GlobalDF activities have been the development of agriculture processing projects that deliver greater profits to the local community, increasing incomes and resulting in economic spill-over effects enriching the larger community.
A milk collection centre in Isingiro, Uganda
GlobalDF empowers local businesses in developing countries by helping them develop bankable projects that are sustainable for the longer-term, creating jobs and providing needed services for the local communities.
A site for an Ugandan mini-hydro plant that would provide power required for the development of local businesses, transforming the regional economy and raising incomes. The project is also critical for improving the region’s living standards, as families now rely on expensive diesel fuel that is unhealthy.
December 5th, 2013: GlobalDF Executive Director Dr. Barbara Samuels made a presentation on behalf of the private sector to the Second session of the United Nations Intergovernmental Committee of Experts on Sustainable Development Financing detailing the roadmap and actions required for an effective sustainable development financing strategy.
The powerpoint presentation is available at: http://
The UN Experts Committee, mandated as an outcome of the Rio+20 UN Conference on Sustainable Development, is preparing a report proposing options on an effective sustainable development financing strategy. The Committee is also tasked with assessing financing needs, considering the effectiveness, consistency and synergies of existing instruments and frameworks and evaluating additional initiatives.
March 2013: GlobalDF and IOS Partners recently completed the study, “Needs Assessment for Risk Mitigation in Africa: Demands and Solutions.”
This report is available on the website of the Infrastructure Consortium for Africa www.icafrica.org and at the following link: http://www.icafrica.org/
The study was co-sponsored by the Initiative for Risk Mitigation (IRMA), the Italian Development Cooperation, and the African Development Bank. African Risk Mitigation Workshops are also being implemented as part of this project to improve the capacity of African government officials to improve access to private finance.
October 10, 2013: GlobalDF Executive Director Dr. Samuels chaired the Africa CEO Business Climate and Investment Summit, sponsored by Africa Investor in association with the World Bank. For more information, please see: http://www.ainewswire.com/?p=
September 26, 2013: GlobalDF Executive Director Dr. Barbara Samuels chaired the Africa investor CEO Institutional Investment Summit and Index Series Awards at the New York Stock Exchange. For more information, please see: http://www.ainewswire.
December 7th, 2011 The Global Clearinghouse and the UN Capital Development Fund cosponsored the UN Side Event "Resource Mobilization in Less Developed Countries," presenting their partnership, The Local Economic Development Finance Initiative ("LFI").
LFI employs innovative financing approaches to unlock domestic financial sectors in developing countries by identifying, developing and financing demonstration projects that deliver critical infrastructure services critical to local economic development, combined with innovative capacity building approaches. Activities include the training of local private sector Technical Service Providers and government officials, and on-line tools for improving government effectiveness, private sector engagement, and the business-enabling environment. In this way, LFI is designed to unlock domestic financial sectors through a dual approach of demonstration "proof of concept" projects and capacity-building processes scaled up country wide, empowering both the government and the private sector and catalyzing the requisite changes in related processes.
Please see more information on LFI below. For the presentation, please click here.
MORE INFORMATION ON LFI
LFI is a global thematic initiative of the UN Capital Development Fund (UNCDF) developed with the Global Clearinghouse for Development Finance (GlobalDF) targeted on unlocking access to domestic finance for strategic investments that advance local economic development and private sector growth in developing countries. LFI targets interventions aimed at blockage points that impede domestic finance. Best practice in the use of partial guarantees for larger infrastructure projects (e.g., at the World Bank) has proven to leverage limited ODA resources by multiple factors. In September 2010, the Global Clearinghouse (GlobalDF) and the United Nations Capital Development Fund (UNCDF) officially launched LDFI with support from the Swiss Agency for Development and Cooperation. The overall objective of LDFI was to assist in unlocking access to domestic finance for strategic investments that advance local economic development and private sector growth in developing countries.
Activities included the following:
(1) Credit Enhancement: Access to reimbursable finance or grants for credit enhancement, e.g., partial guarantees, first loss facilities, partial risk guarantees, output-based aid, initial equity injections, etc;
(2) Project Preparation: Facilitated the development of bankable projects that could be presented to domestic commercial banks and institutional investors for financing;
(3) Performance-Tracking Facility: Developed performance-metrics (data on deal execution, volume, structures, leverage ratios and investment impediments, etc.), using GlobalDF local development finance on-line toolkits; and
(4) Capacity-Building: Created grassroots apacity through training and tools.
-Local Technical Service Providers (TSPs) were selected, contracted, trained (if necessary) and “certified” by UNCDF and GlobalDF.
-LDFI offered existing on-line tools developed by GlobalDF for enhanced access to information on local development finance, informed decision-making, and improved accountability.
(5) Joint Advocacy and Knowledge Building: Invited partners to join UNCDF in utilizing its UN platform to advocate for scalable solutions to developing sources of local development finance and the capacity of governments and private sector participants to access finance.
The “FfD Toolkit” was launched in 2008 at the Doha UN Financing for Development International Conference to increase the capacity of governments, development agencies, and donors to mobilize the private sector for development. To access presentations made by the FfD Pilot Leaders on their challenges, success stories, and next steps, please see below:
- National Government-Investor Networks: Javier Chamorro, Executive Director, ProNicaragua [Presentation]