ABOUT US

Proadapt pilots and supports the development of new and innovative methodologies, tools, and business models to help MSMEs in Latin America and the Caribbean increase their own climate resilience and to seize related business opportunities. Proadapt is a 5-year project facility created in partnership with the Nordic Development Fund.

PROBLEM STATEMENT

The current and future impacts of climate change pose substantial threats and costs to business and communities across Latin America and the Caribbean. These impacts will disproportionately fall on groups and sectors that are among the most vulnerable and least capable to identify, manage and adapt to these challenges: low-income populations, microfinance institutions (MFIs), micro, small and medium enterprises (MSMEs), and woman and other traditionally excluded groups.

PROADAPT APPROACH

PROADAPT will finance technical assistance projects that provide training, new analytical tools, methodologies, stakeholder outreach and awareness raising.

PROADAPT will finance the implementation of business models and strategies to enable selected SMEs to identify and capitalize on the demand for services and products generated by the need for climate resilience.

PROADAPT will work with MFIs and help them incorporate climate risk management into their portfolios and provide green finance to their clients.

PROADAPT will also finance market assessments and other studies that will facilitate replicating and scaling of successful pilot projects in the region and beyond.

MISSION AND VISION

To support innovative business models aimed at building resilience by implementing pilot projects in the LAC region and creating and disseminating climate resilience knowledge.

A responsible private sector that protects livelihoods and creates jobs through a new market for goods and services that help the Small and Medium Enterprise build climate resilience.

PROADAPT PARTNERS

At the Inter-American Development Bank, we work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education, and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today we are the leading source of development financing for Latin America and the Caribbean. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of increased integrity, transparency, and accountability.

The Multilateral Investment Fund (MIF) supports economic growth and poverty reduction in Latin America and the Caribbean through encouraging increased private investment and advancing private sector development. It works with the private sector to develop, finance, and execute innovative business models that benefit entrepreneurs and poor and low-income households; partners with a wide variety of institutions from the private, public and nonprofit sectors; evaluates results; and shares lessons learned.

The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries. The objective of NDF's operations is to facilitate climate change investments in low-income countries. NDF finances in cooperation with bilateral and multilateral development institutions. The operations mirror the Nordic countries’ priorities in the areas of climate change and development. NDF’s capital is provided from the development cooperation budgets of the five Nordic countries.