Media release | Tuesday, 5 March 2024
Australia’s peak body for international development cautiously welcomes the federal government’s $2 billion finance facility to drive clean energy investment in Southeast Asia.
But Australian Council for International Development (ACFID) CEO Marc Purcell said the details of the new financing facility mattered.
“In particular, we will need to see what proportion of finance is delivered as loans to governments of developing countries, and how much is private sector funds mobilized to address climate change,” he said.
“The problem is that government loans…
