FCDO (DFID) has been a member since 2002.
This approach incorporates our unique abilities: to take an appropriate level of risk; to find ways to attract private capital at the right stage; and to relentlessly innovate with a focus on impact.
Our expertise in infrastructure positions us well to respond to the priority areas identified by the Independent High Level Expert Group on Climate Finance: transformation of the energy system and responding to the growing vulnerability of emerging markets and developing countries to climate change.
The sector knows these abilities are increasingly needed and we are stepping up to the challenge, by working creatively with others to urgently scale up what works. This will allow us all to originate, build and distribute on a faster cycle, matching capital to infrastructure financing at the appropriate stage and scale.
We believe this is how the sector will accelerate impact.
For communities, new infrastructure means opportunities to improve life. We work with public and private partners to bridge financing gaps, directing capital and expertise into projects that promote climate resilience and sustainable growth. Working throughout the project lifecycle, we reduce financial risk, transform markets and build local capacity.
The infrastructure we develop and finance will enable job creation (direct and mostly indirect) and higher living standards, unlocking opportunities for young and fast-growing populations, and helping to shape inclusive economies that reduce poverty.
It will also help to forge sustainable development pathways that are compatible with climate and nature imperatives, improving resilience to climate shocks for some of the most vulnerable populations, while protecting and restoring nature.
We hire people who share our mission, nurturing an expert team doing work that reshapes the sector’s opportunities and expectations.
Notwithstanding significant changes in the market, many of the attributes that clearly differentiated PIDG when it was set up remain valid today, including our unique focus on infrastructure, our responsiveness to market changes and our agility and ability to address market gaps.
PIDG occupies a niche, where a large proportion of our activities take place at, near or even beyond the frontier of infrastructure investment where there are few or no other actors.