Event – Virtual
What: First World Summit of Public Development Banks to discuss how to build better and greener in the post-COVID19 era
Wie: Agence française de développement, International Development Finance Club, World Federation of Development Finance Institutions, African Development Bank
When: 11-12 November 2020
Where: Virtual (by invitation only)
The Summit Finance in Common, hosted by the Paris Peace Forum, is the first global meeting of all public development banks and will address the general need to build resilient new forms of prosperity.
In the wake of the COVID-19 pandemic and the ensuing global socio-economic crisis, public development banks are being called upon to take bold and decisive action to protect millions of lives worldwide and lay the foundations for a fairer, more resilient future where the short term urgency can be reconciled with long-term goals.
Based on their countercyclical responses to the pandemic, public development banks play an important role in implementing sustainable recovery measures that will have a long-term impact on the planet and societies. It requires a financial commitment of about $ 2.3 billion, which is equivalent to 10% of the annual investment by all the public and private actors in the world.
Under the high protection of French President Emmanuel Macron and with the participation of UN Secretary-General António Guterres, the summit is an initiative of the World Federation of Development Finance Institutions and the International Development Finance Club. It is convened by the Agence française de développement with the support of several partner organizations, including the African Development Bank.
Around 450 public development banks are expected to participate and strengthen their co-operation through harmonized strategies, governance, investment patterns, activities and modes of response to the crisis, while achieving the UN’s goals for sustainable development and implementation of the objectives of Paris.
The Summit Finance in Common also aims to reconcile the entire financial community in support of the Joint Climate Action and the SDGs by bringing together the development banking community and other key stakeholders, such as heads of state and government, the private sector. civil society, brainstorming and academia.
Advice: Registration is closed, but you can follow sessions on November 12 from a link available on the Finances in common website
Contact: Chawki Chahed, Chief Communications Officer, Department of Communications and External Relations, African Development Bank, email@example.com