Back on #GCF private sector facility - developing countries still pushing hard for emphasis on supporting domestic SMEs, very good.
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Replying to @brandoncwu
@brandoncwu hmmm...is a global fund really the best institution for getting funding to domestic SMEs though?1 reply 0 retweets 0 likes -
Replying to @MForstater
@MForstater if#GCF has private sector facility, good to focus on SMEs rather than privileging intl capital, esp for development cobenefits1 reply 0 retweets 0 likes -
Replying to @brandoncwu
@brandoncwu - but is it really better for SMEs to apply for $ from global inst than thru national entities (I.e. enhanced direct access)?1 reply 0 retweets 0 likes -
Replying to @MForstater
@MForstater not necessarily talking abt providing direct financing; in any of its activities, shld support domestic actors rather than MNCs1 reply 0 retweets 0 likes -
Replying to @brandoncwu
@brandoncwu - Right, but then is public funding (e.g. to capitalise national green funds) does not need to be thru private sec window1 reply 0 retweets 0 likes -
Replying to @MForstater
@MForstater Well, this is an open question - still not clear exactly what PSF will do despite all the discussion about it.2 replies 0 retweets 0 likes
@brandoncwu - sure, but global facilities are not good mechanisms for SME finance. If it is not their core competence.
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