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Microfinance

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    Water resources are greatly impacted by the effects of climate change, and so it comes as no surprise that many of the programmes implemented by PPCR countries focus on enhancing water resilience. The case studies presented here, provide some examples of how PPCR countries in the Caribbean are working towards achieving this goal through decentralised solution. 

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    Ulaanbaatar, Mongolia is the coldest capital city in the world. During blistering, eightmonth winters, households meet their heating needs by burning coal in traditional stoves. As a result, the city also ranks as one of the most polluted urban areas on the planet. In 2009, XacBank, Mongolia’s largest microfinance institution (MFI), made a commitment to address this public health threat head-on. To date, XacBank has facilitated the ownership of over 80,000 efficient heating stoves and insulation blankets in Ulaanbaatar’s Ger District.