What: Thematic Knowledge Event 1
Who: African Development Bank Governors; Multilateral Development Banks; entrepreneurs, managers of private equity and pension funds.
When: Wednesday, 24 May 2023; 15:45-17:15 Egypt time (GMT+3)
Where: The Capital, Sharm El Sheikh International Convention Center, Egypt, and online
As part of its 2023 Annual Meetings, the African Development Bank Group will on 24 May convene a knowledge event on innovative financing instruments to crowd in private climate investment in Africa.
The event will bring together entrepreneurs, managers of private pension and private equity funds, financiers, and government representatives to discuss what innovative financing instruments could work in Africa to mobilize, at scale, investment in climate solutions, thus achieving sustainable development.
The amount of climate finance inflows to Africa has consistently fallen short of what the countries need for climate action and the implementation of their Nationally Determined Contribution (NDCs). To respond adequately to the growing challenges of climate change and achieve their green growth ambitions, African countries must scale up climate investments by exploiting all potential sources, especially from the private sector.
Green finance tools such as green bonds, green loans, sustainability bonds, sustainability-linked bonds, sustainability-linked loans, debt-for-nature swaps, or debt-for-climate swaps and their feasibility in the African context will be discussed.
For more details on the Bank Group's 2023 Annual Meetings, click here
Join the conversation using the hashtags #AfDBAM2023 #PowerAfrica #ClimateFinanceAfrica#JustEnergyTransition
Contact: Communication and External Relations Department|[email protected]
