Sustainable Finance for Energy Transition
Joint SDG Fund programmes in Madagascar, North Macedonia and
Uruguay and Zimbabwe

Financing the Sustainable Development Goals (SDGs) requires the mobilization of capital and collaboration among public and private actors and investors to facilitate impact investment and innovative solutions where financial flows fail to respond to the development gaps. In this regard, the Joint SDG Fund supported important projects:

• Madagascar: Sovereign fund to finance large sustainable energy infrastructure projects, a de-risking facility to provide concessional capital to medium sized businesses, and an incubator to provide technical assistance and grants to smaller energy start ups
• Uruguay: Renewable Energy Innovation Fund (REIF) that aims to promote the country’s second energy transition as a driver for the country's economic and social development
• North Macedonia: Green Financing Facility (GFF) that will provide financing to households and small businesses transitioning to renewable energy and energy efficient technologies.
• Zimbabwe: Renewable Energy Fund thar will combine technical assistance with investments from both international and domestic investors.

Objective

Showcase how international cooperation can support countries in matching local investment projects that can contribute to accomplish the 2030 agenda with available financing in local and global financial institutions. The creation of special financial vehicles (such as Madagascar’s Sovereign Wealth Fund, the Green Financing Facility in North Macedonia, and the Renewable Energy Fund in Uruguay and Zimbabwe) that bring together private firms and banking systems under a measurable and verifiable impact framework, can significantly leverage private funding for the SDGs. Promote partnership opportunities and leverage SDG Fund financing in the field of energy transition.

Keynote Speakers

• H.E. Ms. Rindra Hasimbelo Rabarinirinarison, Minister of Economy and Finance of Madagascar

Moderator

• Mr. Samba Thiam, Senior Policy Advisor in the Executive Office, UNDP

Panelists

• Mr. Ny Solofo Thierry Andriantsoa, Secretary General of the Ministry of Energy and Hydrocarbons, Madagascar
• H.E. Ms. Kaja Shukova, Minister of environment and Physical Planning, North Macedonia
• H.E. Mr. Edgar Moyo, Ministry of Energy and Power Development of Zimbabwe
• Mr. Walter Verri, Deputy Minister for Industry, Energy and Mining of Uruguay
• Mrs. Marjorie Mayida, Old Mutual Zimbabwe Chief Investment Officer