Extending a $12.5 million risk-sharing facility to NDB Bank of Sri Lanka, IFC says it will share NDB Bank's risks to help finance a larger quantum of renewable energy projects, including mini-hydro and wind power projects in Sri Lanka.

The projects are expected to provide economic benefits for local project developers, including small and medium enterprises.

The initiative is part of IFC's strategy to help the private sector mitigate climate change impacts while continuing to meet significant infrastructure gaps in South Asia.

IFC will share its financing, project-structuring capability, and benchmark data for renewable energy technologies with Sri Lanka.