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2X Challenge exceeds initial target by committing and mobilizing $4.5 billion in capital towards women’s economic empowerment

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Logo 2X
Montreal, June 30th, 2020 - Just two years after the launch of the 2X Challenge at the G7 Charlevoix Summit in Canada, the initiative has committed and mobilized a total $4.5 billion in gender-smart investments. Founding G7 DFIs contributed and mobilized $4.1 billion, surpassing the initial target of $3 billion by the end of 2020. DFIs remain the primary source of capital towards the challenge (with their own capital representing $2.4 billion of the overall amount), while private sector financiers and other investors accounted for $1.2 billion and $0.8 billion respectively.
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PROPARCO and Société Générale Cameroun are supporting the development of the first certified green mall in Central Africa

Douala Grand Mall
Like many cities in Sub-Saharan Africa, Douala, the economic capital of Cameroon (4 million inhabitants), is experiencing rapid population growth, especially among the middle class, and a strong urban transformation. Changes in consumer habits and the increase in purchasing power are giving rise to new needs for which a formal, modern and diversified offer is only just beginning to emerge.
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“3 questions to” Thomas Bonnisseau, ESG expert for the Altiplano 200 project in Argentina

Panneaux photovoltaïques
In 2019, PROPARCO allocated a USD 50m loan to the French company NEOEN for the implementation of the Altiplano 200 photovoltaic project, located at an altitude of 4,000 meters in Argentina. For this operation, PROPARCO also assisted the developer and builder with the management of the environmental and social (E&S) risks.
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