Denmark intends to provide an annual capital contribution of DKK 500 million (USD 75 mil.) in the years 2024-2030 to the Danish Investment Fund for Developing Countries, IFU. The main intention with the new financing is to increase IFU’s contribution to climate finance. Denmark will double IFU’s investment budget and triple IFU’s contribution to climate finance [from current annual DKK 2 bn/USD 300 mil. to DKK 5-7 bn towards 2030/USD 900 mil.] through the capital contribution, a significant mobilisation of private investments, and access to financing from the Central Bank of Denmark.