The UK's development finance institution and impact investor, British International Investment, plans to mobilize about $20 billion in new capital into developing countries to help them with energy supply and boost climate initiatives. The new five-year strategy of the British International Investment (BII) is focused on accelerating the flow of private capital to developing countries, the UK development finance institution said on Thursday. Of the £15 billion, or $20 billion, of capital, BII will contribute up to $10.8 billion (£8…
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