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<p>The FCDO's International Development White Paper outlines the Government's ambition
for BII to be a leading DFI on climate finance, supporting partner countries in their
transition to net zero and resilient economies. This builds on BII's track record
of being the UK's principal investment vehicle for delivering climate finance to developing
countries, with over $1 billion of climate finance invested since COP26.</p><p>Through
the agreement of BII's five-year strategy, Investment Policy, and Policy on Responsible
Investment, FCDO ensures alignment of all BII's investments with the UK's international
development priorities. In addition, FCDO oversees an evaluation and learning program
which recently reviewed BII's infrastructure portfolio. The review found that (i)
BII contributes to the provision of cleaner capacity through investments in renewable
energy assets, (ii) BII increases resource efficiency through the lowering of power
distribution losses in its transmission and distribution (T&D) portfolio, and
(iii) 65 percent of the impact generated by BII's infrastructure investments comes
from those located in Africa.</p>
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