In light of the coronavirus pandemic, sustainable finance is more important than ever to help countries rebuild and become more resilient. It is a powerful tool to deepen financial stability and public-private partnerships to address urgent social and environmental priorities. Low-income countries are accustomed to innovating in response to urgent challenges and economic constraints. Despite challenges, low-income countries in the Sustainable Banking Network (SBN) community are at the forefront of the new trend towards sustainable financial markets. Join us to learn about their experiences and the opportunities they see in this transition.
This free webinar presents exclusive country insights from the SBN report Necessary Ambition: How Low-Income Countries Are Adopting Sustainable Finance to Address Poverty, Climate Change, and Other Urgent Challenges, to be launched in June 2020. The report is the first comprehensive review of drivers and innovation behind market-level efforts to promote sustainable finance in low-income countries. It includes 16 case studies, 8 country reports, and practical decision-making tools based on countries' various experiences.
This 90 min free webinar will feature opening remarks by IFC Vice President, Georgina Baker, and presentations by four SBN member countries – Bangladesh, Kenya, Mongolia, and Nigeria – about their national journeys to promote a financial sector shift to sustainable finance practices. It will also explore how the integration of sustainable finance can contribute to a country's overall development ambitions.
Please register at: https://www.surveymonkey.com/r/BLPS9TJ Space is limited!
Note: A confirmation with webinar link and information will be sent to registrants. This webinar will be recorded and available online on the IFC Sustainability website (www.ifc.org/sustainabilitywebinars) and the SBN website (www.ifc.org/sbnwebinars) after the event.
Globally, over 700 million people are living in extreme poverty, with less than $1.9 per day (2011 PPP). If unchecked, climate change could push an additional 100 million people into poverty by 2030, with severe consequences for the extreme poor and the most vulnerable. However, there are also immense opportunities in these countries. IFC estimates US$29 trillion in climate investment opportunities in six urban sectors in emerging markets cities until 2030.
Responding to the request from low-income member countries that are eligible for IDA funding , SBN undertook a diagnostic study to understand the unique challenges and opportunities these countries face in adopting sustainable finance. The study finds that sustainable finance has emerged as a pathway for IDA countries to de-risk investments and enable the financial flows needed to support climate action and sustainable development. SBN IDA countries recognize that transitioning to sustainable financial systems is critical to their futures.