Beyond B-loans? Development banks seek private money for climate change fight


  • World
  • Tuesday, 19 Nov 2024

People walk at the entrance of the venue of the United Nations climate change conference COP29, in Baku, Azerbaijan November 18, 2024. REUTERS/Murad Sezer/File Photo

BAKU (Reuters) - As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change, investment manager Rob Drijkoningen is the sort of person they're hoping will help get them there.

Drijkoningen is head of emerging market debt at U.S. asset manager Neuberger Berman, which holds $27 billion in sovereign and corporate debt from developing countries. He should be a natural partner for multilateral development banks (MDBs) looking to find private sector investors for projects to slow climate change or cope with its effects.

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