ABSTRACT
The global development finance ecosystem is coalescing around the idea of country-centred approaches. Country platforms, albeit not a new idea, present an opportunity to help meet a country’s development and climate goals. At COP28, country platform partnerships were announced bringing together North Macedonia and Bangladesh. Country platforms formed a key part of the discussions of the Spring meetings of the World Bank Group and the IMF in 2024. The Brazilian G20 presidency also hosted an official side-event on country platforms and innovative financial mechanisms.
A country platform is intended as a mechanism to facilitate collaborative partnerships to streamline and maximise the impact of financial support to meet a country’s sustainable development goals and climate ambitious. Such a platform will need to go hand in hand with national transition plans as a starting point, coupled with financial commitments underpinned by technical and analytical support to countries to identify transition gaps and reforms needed.
This chapter will look at the emerging developments on country platforms, lessons to learn from the Just Energy Transition Partnership experiences and discuss the potential of such a country platform for India.
