Increasing Financial Action for Green and Sustainable Development

SIDE EVENT
Thursday 2 June
17:45-19:00 CEST
Stockholmsmässan, Room 2

Organizers: Swedish International Development Agency, World Bank Group

Archived video: Watch

About: This event discussions will focus on the two overlapping themes, including:

1. Designing and implementing policy/regulatory reforms and innovative financing solutions for multilateral development banks (MDBs)-enabled mobilization of private capital at scale in emerging markets (including Low- and Middle-Income Countries) to operationalize Green, Resilient and Inclusive Development and post-COVID recovery and support the achievement of the SDGs.

2. Fostering global and country-level partnerships among governments, MDBs, donors and private sector to unlock the flow of capital and to connect funding and opportunities in emerging markets.

Event organizers will showcase ongoing work and present promising financing tools, (including green and sustainability-linked bonds, investment vehicles, etc.) to catalyze institutional and private investments across emerging economies and will discuss potential directions going forward. Event participants will reflect on advantages and possibilities of potential solutions and analyze challenges in making institutional and private finance work to reduce poverty and support a green recovery in developing economies.

Moderator(s): Cecilia Scharp (Sida), Svetlana Klimenko (World Bank)

Panelists:

  • Max Elger (Minister for Financial Markets Sweden)
  • Axel van Trotsenburg (World Bank)
  • Magnus Billing (Alecta),
  • Marc-Andre-Blanchard (CDPQ Global)
  • Carsten Quitter (Allianz)
  • Elin Eliasson (Ministry of Finance Sweden)
  • Collins Nzovu (Minister of Green Economy and Environment Zambia)
  • Axel van Trotsenburg (World Bank)
  • Alfonso Garcia-Mora (IFC)
  • Carin Jämtin (Sida)

Contact person: Eva Atterlöv Frisell (eva.atterlov.frisell_at_sida.se)

Event outcomes (Key transformative actions):

  • The event spearheaded dialogues focused on the mobilization of private capital for climate between investors, donors and governments, with a strong call for concrete, on-the-ground actions in both middle- and low-income countries, focused on reforms and concrete investments.  All participants emphasized importance of continued dialogue and strong partnerships focused on the nexus of climate and finance. 

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