{"id":6557,"date":"2023-08-10T21:31:38","date_gmt":"2023-08-10T21:31:38","guid":{"rendered":"https:\/\/wfdfi.org\/?p=6557"},"modified":"2025-01-23T16:17:07","modified_gmt":"2025-01-23T21:17:07","slug":"smes-financial-inclusion-sustainable-infrastructure-climate-change-and-biodiversity-will-be-on-the-agenda-at-the-world-summit-of-public-development-banks-in-cartagena","status":"publish","type":"post","link":"https:\/\/wfdfi.org\/en\/smes-financial-inclusion-sustainable-infrastructure-climate-change-and-biodiversity-will-be-on-the-agenda-at-the-world-summit-of-public-development-banks-in-cartagena\/","title":{"rendered":"SMEs, financial inclusion, sustainable infrastructure, climate change, and biodiversity will be on the agenda at the World Summit of PDB in Cartagena"},"content":{"rendered":"

The agenda for <\/span>FiCS<\/span>\u00a02023 will focus on four main topics: SMEs and financial inclusion, climate change and biodiversity, sustainable infrastructure, and the institutional agenda of\u00a0<\/span>PDB<\/span>s<\/span>. <\/span><\/span><\/em>The\u00a0<\/span>FiCS<\/span>\u00a02023<\/span>\u00a0will\u00a0<\/span>consolidate<\/span>\u00a0new alliances<\/span>\u00a0and<\/span>\u00a0innovation<\/span>\u00a0for the next generation of development<\/span>\u00a0f<\/span>inancing<\/span>.\u00a0<\/span><\/span>\u00a0<\/span><\/em><\/p>\n

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Bogot\u00e1, J<\/span>une 30, 202<\/span>3-\u00a0<\/strong>Representatives of a hundred countries, including forty heads of state and government, as well as other stakeholders gathered for a New Global Financing Pact, held from June 22 to 23, 2023, in Paris, France. The Summit laid the foundations for a renewed international financial system, focusing on the need to deliver on the commitments already made in terms of international solidarity, and mobilizing more public and private resources. It helped to build consensus and to\u00a0<\/span>prepare forthcoming global multilateral meetings, including the 2023 Finance in Common Summit.<\/span><\/b>\u00a0<\/span><\/p>\n

On this occasion,\u00a0<\/span>a special event titled \u201cLeveraging PDB investments for the SDGs\u201d gathered, for the first time, all Multilateral Development Banks (MDBs), more than 15 national and regional development banks, and key stakeholders from civil society, the private sector, regulators, and philanthropies, who are members of the<\/span><\/b>\u00a0Finance in Common (FiCS) movement<\/span><\/a>.\u00a0<\/span>The event was held in the presence of the Presidents of Benin, Colombia, Cuba, France, and South Africa<\/span><\/b>. Leaders welcomed the spirit of partnership and cooperation of the Finance in Common initiative, which helps to avoid fragmentation and serves as a platform to mobilize all PDBs and the private sector to contribute to the SDGs and tackle global challenges, including climate change.<\/span>\u00a0<\/span><\/p>\n

The takeaways of this Special Event meeting<\/span><\/b><\/a>\u00a0will be taken up at the FiCS 2023, which will take place for the first time in the Americas, from September 4 to 6 in Cartagena, Colombia, and to which President Gustavo Petro invited all participants<\/span><\/b>. Some of its key agenda items include:<\/span>\u00a0<\/span><\/p>\n

\u25ba SMEs and financial inclusion: <\/span><\/b>small businesses, women, and vulnerable populations are often excluded from the formal financial system.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u25ba Climate change and biodiversity: <\/span><\/b>development of<\/span>\u00a0new tools for the closing of the financial gap on climate change mitigation and adaptation, and to promote the protection of natural capital and biodiversity.<\/span>\u00a0<\/span><\/p>\n

\u25ba Sustainable infrastructure: <\/span><\/b>most emerging economies face gaps in infrastructure investment, alongside the need to make an energy transition, increase digital connectivity, and guarantee sustainable access to basic services for all.<\/span>\u00a0<\/span><\/p>\n

\u25ba Institutional agenda of the PDBs: <\/span><\/b>all challenges require improved institutional capacity, regulation, and governance of the financing of the development ecosystem.\u00a0<\/span>\u00a0<\/span><\/p>\n

Moreover, four transversal topics will be included: social integration and development impact, mobilization of private capital towards the Sustainable Development Goals (SDGs), collaboration with civil society and human rights inclusion, and a specific focus on the challenges and opportunities of the Latin American and Caribbean region.<\/span>\u00a0<\/span><\/p>\n

This World Summit is organized by the\u00a0Inter-American Development Bank (IDB)<\/a>,\u00a0the Latin American Association of Development Financing Institutions (ALIDE)<\/a>, and\u00a0the Business Development Bank of Colombia (Banc\u00f3ldex)<\/a>, as the host entity of the summit. It is also backed by the\u00a0Agence Fran\u00e7aise de D\u00e9veloppement\u00a0(FDA)<\/a>,\u00a0the European Investment Bank (EIB)<\/a>, and the\u00a0World Federation of Development Financing Institutions (WFDFI).<\/a><\/span>\u00a0<\/span><\/p>\n

Registrations are open to the media and audiences working in development to participate in the event either virtually or in person. Visit the event\u2019s\u00a0<\/span>web page<\/span><\/a>\u00a0for more information.\u00a0<\/span>\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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About the IDB<\/strong><\/div>\n<\/div>\n<\/div>\n
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The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social<\/span>,<\/span>\u00a0and institutional development in Latin America and the Caribbean. The IDB also conducts\u00a0<\/span>cutting-edge<\/span>\u00a0research and\u00a0<\/span>provides<\/span>\u00a0policy advice, technical\u00a0<\/span>assistance<\/span>,<\/span>\u00a0and training to public and private sector clients throughout the region.\u202f<\/span><\/span>Take our virtual tour.<\/span><\/span><\/span><\/a>\u00a0<\/span><\/p>\n

About ALIDE<\/strong><\/h3>\n

ALIDE is the community of financial institutions that produce banking solutions for Latin American and Caribbean development. Founded in 1968, its main purpose is to contribute to the region\u2019s economic and social development by promoting the use of good development finance practices among its members. It is comprised of more than 80 member institutions operating in over 20 countries of Latin America and other regions of the world.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

[\/kc_column_text][\/kc_column][\/kc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

The agenda for FiCS\u00a02023 will focus on four main topics: SMEs and financial inclusion, climate change and biodiversity, sustainable infrastructure, and the institutional agenda of\u00a0PDBs. 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