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Climate Finance and the Development Mandate — How Private-Sector Development Finance Institutions Navigate the Dual Mandate

Academic research
Authors
Nicholas O’Donohoe, Hannah Wang, Wasim Tahir
Publisher
Harvard Kennedy School, Mossavar-Rahmani Center for Business and Government

What it examines

This working paper examines how climate targets interact with development mandates, drawing on finance-flow analysis and interviews with eight institutions. It recommends clearer shareholder choices, protection for poorer-country investment and more explicit management of trade-offs. Monitor creator Wasim Tahir is a co-author.

Why it matters

BII and EBRD are among the institutions interviewed. The paper addresses how shareholder mandates influence the use of development-finance capital.

The working paper is dated August 2026. It has not undergone formal peer review. Monitor creator Wasim Tahir is a co-author.

Institutions and themes

Related documents

Catalogue entry reviewed 9 Nov 2026. The summary describes the publication’s analysis; it does not establish that historical findings remain current.