SDG National Commitments Form: Submission #69

Title of commitment: Denmark’s commitment to scaling up and mobilising financing for development and climate
Name of submitting Member State or Government: Denmark
Please indicate whether your commitment is intended to address SDG Progress at a national, regional or global level: Global
Please outline briefly the commitment(s) made in the areas outlined above :
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.

Does the commitment include a new national benchmark for reducing poverty and inequality by 2027? If yes, please indicate the benchmark below: :
{Empty}

Please explain how national planning and institutional frameworks will be strengthened to support progress of the commitment: :
{Empty}

Which of the following, if any do your strengthened institutional frameworks seek to address?: {Empty}
If you have any further information to share please upload the information here, or provide a link to applicable site or document below: {Empty}
Additional Information: {Empty}
Please provide the full name, title and email address of contact person::
Julie Juel Andersen
Policy Advisor, Permanent Mission of Denmark to the United Nations 
jujuan@um.dk

Please provide the official email address of your country’s Permanent Mission in New York, for verification purposes.: nycmis@um.dk
Annual Updates: https://sdgs.un.org/sites/default/files/webform/sdg_national_commitments_form/22087/annual-update-denmark-2024.pdf