The 2023 Joint International CEO Forum of the Association of African Development Finance Institutions (AADFI) and the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) was held from November 8 to 10, 2023, at the Transcorp Hilton Hotel in Abuja, Nigeria. The Forum was hosted by the Bank of Industry (BOI), Nigeria, on the theme “DFIs’ Strategic Role Towards A Climate-Smart Future”.
The 2023 Joint International CEO Forum of the Association of African Development Finance Institutions (AADFI) and the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) was held from November 8 to 10, 2023, at the Transcorp Hilton Hotel in Abuja, Nigeria. The Forum was hosted by the Bank of Industry (BOI), Nigeria, on the theme “DFIs’ Strategic Role Towards A Climate-Smart Future”.
The conclusions and recommendations of the Forum were as follows: (1) Climate change is a major threat to socio-economic development and a clog in achieving the SDGs, particularly in the less developed regions of Africa and Asia. (2) The cost of financing the shift toward a climate-smart future is enormous. Meanwhile, access to the various Green Investment Funds (GIFs) is complex. (3) Development Finance Institutions have a strategic role to play in scaling up the achievement of the SDGs and attaining a climate-smart future.
