FMO will commit €20m, OeEB €15m and Swedfund €15m. ICCF offers co-financing for its funders for senior loans, mezzanine debt and guarantees with a maximum tenor of 18 years. The funding capacity of ICCF is provided by AFD, EIB and 11 EDFI members. By closing the climate finance gap in emerging markets, European Development Finance Institutions (DFI) are determined to boost these countries’ resilience, generate jobs and accelerate their inclusive and sustainable economic growth. "Thanks to this replenishment, European DFIs are strengthening European financial cooperation for climate action. Investing in green energy is essential for human and economic development. With ICCF having now €480m available funding for additional projects, European DFIs are committed to scale up their transformative role to fight climate change in emerging markets," said Peter Thimme, DEG, Chair of the Board of Directors of ICCF.