AFRICA NEWS AGENCY
Crédit photo AFD
FINANCE IN COMMON SUMMIT: HOW PUBLIC BANKS CAN MAKE A DIFFERENCE Five hundred public development banks from around the world and key financing and official development assistance stakeholders, met by VTC on October 19 and 20, 2021 in Rome for the second edition of the Joint Finance Summit in order to «reiterate and strengthen their commitment to joint action for climate and sustainable development. This is an unprecedented collective approach which, if successful, could greatly benefit the African continent. By Jacques Leroueil
This second Finance in Common summit organized by Cassa Depositi e Prestiti- the Italian Deposit Bank- as part of the Italian presidency of the G20, in partnership with the International Fund for Agricultural Development (IFAD), aimed to capitalize on the momentum generated during the first edition, held in November 2020 in Paris. The objective is to mobilize and coordinate the operations of public finance stakeholders around issues related to the implementation of the Paris Agreement on
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Climate Change and the 2030 Agenda for Sustainable Development. «We need to ensure that investments are going in the same direction, that we share standards and methodologies, and that we go further in the convergence of strategies and co-financing,» Rémy Rioux, Chief Executive Officer of the French Development Agency (AFD), said at the first Finance in Common summit in Paris. One
