The Finance In Common Summit

🌏 Last week, we had the pleasure to participate in the first Preparatory Committee for the Fourth UN International Conference on Financing for Development (FfD4) United Nations Department of Economic and Social Affairs, held in Addis Ababa. Representing The Finance In Common Summit, Nicolas Picchiottino and Clémence Guiresse contributed through various engagements: 1️⃣ By participating to all sessions and thematic multistakeholder roundtables 2️⃣ Moderating the roundtable on Domestic Resource Mobilization  3️⃣ Responding at the roundtable on International Development Cooperation 4️⃣ Speaking at the private side event “Delivering an urgent investment push on the SDGs and structural reform of international finance in FfD4: Toward a joint advocacy strategy” 📚Additionally, we organized a side event on Public Development Banks #PDBs titled "Transforming Finance for Sustainable Development: The Essential Role of Public Development Banks." 🤝 With over 50 attendees, this event furthered, featuring a notable intervention by Ms. Boitumelo Masoko, CEO of Development Bank of Southern Africa (DBSA), helped broaden understanding of the crucial role PDBs play in financing sustainable development. 📝 With over 900 participants, including 20+ ministers and 200+ representatives from civil society, academia, and the private sector, the discussions highlighted key priorities: ➡ Fully implementing the Addis Ababa Action Agenda (AAAA) of 2015 as a vital and relevant framework for today’s development finance landscape. ➡ Restoring trust in multilateralism as crucial for the success of the upcoming conference. ➡ Reforming the international financial architecture and economic governance to make them more #inclusive, #equitable, and democratic ➡ Addressing the challenges related to #debtsustainability ➡ Ensuring access to long-term, predictable, and concessional financing, which is essential for developing countries to invest in the SDGs ➡ Strengthening domestic resource mobilization, including rethinking commodities markets, enhancing international tax cooperation, and combating illicit financial flows ➡Unlocking the potential of trade and technology for sustainable development financing Finally, the discussions underscored the pivotal role of #MDBs and #PDBs in providing technical assistance for #capacitybuilding, leveraging ODA to mobilize private sector investments, and offering long-term, counter-cyclical support to stabilize economies and advance sustainable development. Thanks to the United Nations Department of Economic and Social Affairs for organizing these meetings, which allowed us to address many key issues. #SustainableDevelopment #FinanceForDevelopment #UNConference #SDGs ✍ FiCS Secretariat: Alessandro Mancini | Catherine Collin | Jimena Iraheta | Ornella d'Amico Skalli | Max Neumann | Clémence Guiresse | Nicolas Picchiottino | Arthur Pataud | Adama MARIKO

📢 We are live from the Paris Summit on Sport for Sustainable Development #Sport4SD to inform our community about an important news!   👏 Our FiCS Ambassador Antonella Baldino took the floor to announce the commitment to invest at least 10 billion dollars until 2030 domestically and internationally, to support local #sport infrastructure, grassroots sport activities and research through the The Finance In Common Summit Coalition on Sustainable Development Through Sport.   👉 This is the first joint financial commitment of the Finance in Common members, which will also promote a holistic approach to assess the economic, social and environmental impact of Sport initiatives.   💡 In parallel, we are proud to announce the creation of the first Global Sport Impact Fund to foster investments in Sport for local development ⚽ An innovative financial instrument to achieve the goals of the Paris Agreement for Sport and Sustainable Development.   🤝 Six new banks joined us today already: Bancoldex, Development Bank of Rwanda (BRD) PLC, Caisse des Dépôts et Consignations, Groupe CDG , Development Bank of Southern Africa (DBSA) Africa and CDP Cassa Depositi e Prestiti together with Laureus Sport for Good Foundation South Africa as expert International Organization.   💬 As Antonella Baldino declared today, “Ambitious challenges requires pioneering initiatives, an imperative for our team of Public Development Banks to score faster, higher and stronger results!”   Istituto per il Credito Sportivo, AFD - Agence Française de Développement, Japan International Cooperation Agency (JICA), International Olympic Committee – IOC, Paris 2024 - Comité d'organisation des Jeux Olympiques et Paralympiques de 2024, Banque Ouest Africaine de Développement CAF -banco de desarrollo de América Latina y el Caribe-, ALIDE, ADFIMI, UNESCO, Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH, Sport en Commun ✍ FiCS Secretariat: Alessandro Mancini | Catherine Collin | Jimena Iraheta | Ornella d'Amico Skalli | Max Neumann | Clémence Guiresse | Nicolas Picchiottino | Arthur Pataud | Adama MARIKO

#Sport4SD | Le Sommet Sport pour le développement durable va débuter dans quelques instants ⏰   C'est un moment clé pour le monde du sport à J-1 des Jeux Olympiques de Paris 2024.    Plus vite, plus haut, plus fort : Ensemble, pour un avenir meilleur 🌍💪  

Join us online for #Sport4SD 💪   Tomorrow, we will be present at the Summit on Sport and Sustainable Development #Sport4SD, organized by the International Olympic Committee – IOC and the Présidence de la République with support from AFD - Agence Française de Développement   We are thrilled to be taking part in the discussions about the importance of sport in achieving the #SDGs, thanks to our ambassador Antonella Baldino 👏   👉 This will also be an opportunity for us to announce some important upcoming developments!    Follow the live here: https://sport-for-sd.org 📅 July 25th from 5:00 PM to 6:30 PM 🙌 This Summit brings together over 500 participants in Paris – heads of state and government, leaders of international organizations, athletes, and representatives of the sports movement (French and international federations, Olympic Movement, associations, and entrepreneurs), as well as stakeholders in sports financing and development – all mobilized around the shared agenda of the United Nations Sustainable Development Goals (SDGs). Istituto per il Credito Sportivo, Japan International Cooperation Agency (JICA), International Olympic Committee – IOC, IPC, Paris 2024 - Comité d'organisation des Jeux Olympiques et Paralympiques de 2024, Banque Ouest Africaine de Développement, CAF -banco de desarrollo de América Latina y el Caribe-, ALIDE, ADFIMI, UNESCO, Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH, European Network of Academic Sports Services (ENAS) Sport en Commun AFD - Agence Française de Développement Rémy Rioux    ✍ FiCS Secretariat: Alessandro Mancini | Catherine Collin | Jimena Iraheta | Ornella d'Amico Skalli | Max Neumann | Clémence Guiresse | Nicolas Picchiottino | Arthur Pataud | Adama MARIKO  

📚 Key insights from our webinar on Technical Assistance and Capacity Building for PDB’s! During a webinar session with 45 participants, we presented the results of a mapping study initiated by The Finance In Common Summit Secretariat and conducted by Projekt-Consult International GmbH ➡ This study aimed to map the landscape of technical assistance and capacity building programs for Public Development Banks #PDBs 🔗 https://lnkd.in/gN-HjPGj The event provided a valuable opportunity to explore the importance and relevance of #technicalassistance and #capacitybuilding to enhance PDB capacities and support their needs. Thanks to our panelists from the Global Capacity Building Coalition (GCBC) (a Glasgow Financial Alliance for Net Zero (GFANZ)’s initiative), UNDP and AIAFD / AADFI, we discussed the ongoing initiatives on TA and capacity building, and identified needs to leverage PDBs full potential. A big thank you to all participants and contributors for their commitments and valuable insights! 🗨 Adama MARIKO | Catherine Collin | Victor Prevot | Alex Michie | Marcos Mancini | Alegout A. Akhenaton Ohoussou ✍ FiCS Secretariat: Alessandro Mancini | Catherine Collin | Jimena Iraheta | Ornella d'Amico Skalli | Max Neumann | Clémence Guiresse | Nicolas Picchiottino | Arthur Pataud | Adama MARIKO #Development #TechnicalAssistance #CapacityBuilding #SDGs

🏅 What is the role of #sport in achieving the Sustainable Development Goals #SDGs?    It will be one of the question that The Finance In Common Summit Coalition for Sustainable Development through Sport will reply during the Sport & Sustainable Development Summit #Sport4SD organized by the International Olympic Committee – IOC and the Présidence de la République with AFD - Agence Française de Développement support.    It’s a pleasure for FiCS and the sport coalition to participate in this key event, it will be a key moment to share with you an important news!    📺 Join us online: https://sport-for-sd.org 📅July 25th from 5:00 PM to 6:30 PM   🙌 This Summit will bring together over 500 participants in Paris – heads of state and government, leaders of international organizations, athletes, and representatives of the sports movement (French and international federations, Olympic Movement, associations, and entrepreneurs), as well as stakeholders in sports financing and development – all mobilized around the shared agenda of the United Nations Sustainable Development Goals (SDGs). ✍ FiCS Secretariat: Alessandro Mancini | Catherine Collin | Jimena Iraheta | Ornella d'Amico Skalli | Max Neumann | Clémence Guiresse | Nicolas Picchiottino | Arthur Pataud | Adama MARIKO

Today Rémy Rioux joined the #FootballforSustainabilitySummit in Berlin to discuss about #Sport4Development. Sport is gaining momentum in the world of sustainable development, but its potential still remains underexploited. A group of #PDBs and other partners are working hard to promote sustainable development through sport and scale up their experiences and success stories in this innovative and high-impact field. The FiCS Coalition for Sustainable Development through Sport, launched in 2020 at the first edition of the Finance in Common, is committed to advocate with Governments and Policymakers to increase the centrality of Sport, showcasing its potential impacts and to increase sports investments. On the 25th of July, the Paris Summit for Sustainable Development Through Sport will be the right forum to make new and ambitious announcements, involving more countries and public development banks in this challenging journeys. Stay tuned! German Development Cooperation(giz) African Union Yunus Sports Hub

Congrats to the ARIC Coalition on the progress! 🚀 At the Annual General Meeting of the Adaptation & Resilience Investors’ Collaborative #ARIC, our Secretary General Adama MARIKO expressed deep appreciation for the Coalition's progress since its launch at the first Finance in Common Summit in 2020 👏 ARIC exemplifies “FiCS in action” and demonstrates the power of #partnerships in achieving tangible results 🤝 Its effort in developing relevant metrics for investors and climate risk assessment tools are pivotal for mobilizing more capital toward #climate adaptation finance and generating significant #impact 💡 He highlighted also FiCS's role in supporting ARIC’s initiatives 🌍 Special thanks to British International Investment and United Nations Environment Programme Finance Initiative (UNEP FI) for inviting FiCS to this key event 🙏 We look forward to welcoming ARIC at the next Finance in Common Summit! ✍ FiCS Secretariat: Catherine Collin Alessandro Mancini Jimena Iraheta Ornella d'Amico Skalli Max Neumann Clémence Guiresse Nicolas Picchiottino Arthur Pataud Carlota Emeryk Pérez

Glad to have joined the 2024 festival London Climate Action Week #LCAW2024 🌍💼 On June 25, Adama MARIKO participated in two events organized on the occasion of the London Climate Action Week : E3G State of Climate Politics Forum to discuss financial risk management as well as technical assistance and capacity building during the Glasgow Financial Alliance for Net Zero (GFANZ) roundtable on the Global Capacity Building Coalition. 🔗https://lnkd.in/eDmzHwXA 🔗https://lnkd.in/gkpS82_z Both events were a good occasion to highlight the key role played by #PDBs in the fight against #climatechange as well as the challenges they face in providing effective support. The Glasgow Financial Alliance for Net Zero (GFANZ) GCBC roundtable highlighted the crucial role of #TA and #capacitybuilding to induce sustainable changes and innovation, but also highlighted the current fragmented landscape and limited access to information for those needing support. 📢 The roundtable was an opportunity to present the first results and initial recommendations of a FiCS mapping on TA and capacity building, among which 1️⃣ The need to adopt a differentiated approach in designing TA based on the type, size, and maturity level of PDBs 2️⃣ The need for a more holistic approach to address current gaps in TA offerings. Knowledge sharing through platforms like the GCBC is essential to bridge information gaps. During the panel on Financial Risk Management with E3G, our discussion highlighted some critical issues and potential solutions within the international financial system, such as: 📊 The Sustainable Finance landscape: The international financial system must reorient and leverage all financial flows towards lower-middle and low-income countries. 🏦 The role of #PDBs: PDBs often fill financing gaps where the private sector is reluctant or unable to offer financial support 🤝 Global coalitions like International Development Finance Club (IDFC) and The Finance In Common Summit help align investments with global frameworks such as the #2030Agenda, the #ParisAgreement, and the Kunming-Montreal Biodiversity Framework. 💡Innovative Financing is crucial to provide fiscal space without aggravating debt burdens – this is why we have launched the FiCS Innovation Lab 🔗https://lnkd.in/dBPZxVfA 📈 Risk Management: policymakers should view PDBs as “SDG enablers” and adapt regulatory and policy frameworks to fully unleash their catalytic potential Stay tuned for more updates. Thank you to all the participants for the great discussions👏 AFD - Agence Française de Développement Catherine Collin Max Neumann Ornella d'Amico Skalli Nicolas Picchiottino Jimena Iraheta Arthur Pataud Clémence Guiresse Alessandro Mancini

🚀 Welcome to the Global Coalition for Social Justice! I had the opportunity to be part of The Coalition’s Inaugural Forum, held during the 112th Session of the International Labour Organization in Geneva🇨🇭 During the panel discussions on _“Building the resilience of societies”,_ we highlighted the crucial role that coalition plays in aligning financial planning and economic policy with the #SDGs. This alignment is essential for reducing investment risks, correcting market failures, and mobilizing private financing, especially during times of crisis. 📉 🎯 *Main Goal:* Creating a collaborative space for action, dialogue,Advocacy and collective opportunities for concrete actions. 🤝 💡 *Key Solutions Discussed:* 🚀 *The Global Accelerator:* A powerful initiative to advance concrete pilot experiences in pathfinder countries, with national social strategies endorsed at the highest level. 🔗 *Creating Networks between PDBs:* Essential for unleashing the full potential of public development banks (PDBs) by connecting them regardless of size, maturity stages, and operational capacities through for example The Finance In Common Summit. 🌐 *Systemic Approach for PDBs:* Emphasizing knowledge sharing, capacity building, advocacy on the role of PDBs, alignment of financial flows with the SDGs, and fostering cooperation within the financial ecosystem. ❓ *Key Questions and Insights:* How do productive employment and social protection bolster resilience to crises and aid in adapting to major ongoing green, demographic, economic, and digital transitions? ➡️ To achieve a successful ecological transition, financing new infrastructures, training necessary human resources, and strong ownership by all socio-economic actors are crucial. Mitigation and adaptation objectives are unattainable without adequate human resources. Therefore, countries must be supported to ensure their education and training systems provide greater access to the poorest households, especially women. 📚 💡 We recognized the urgency to scale up social investments as an integrated component to achieve all sustainable development goals, realize low carbon transitions, and demonstrate resilience to various and cumulative crises. 🌱 A big thank you to the International Labour Organization and its Director General for spearheading this new initiative! 👏 Congrats to our wonderful moderator Femi Oke; And thank you to all the panelists: Marina Elvira Calderone Ministero del Lavoro e delle Politiche Sociali Agnes Makonda-Nyalonje, Minister of Labour, Malawi Dato Dr Syed Hussain Syed Husman Malaysian Employers Federation Zingiswa Losi President Congress of South African Trade Unions Jose M Salazar-Xirinachs Ngozi Okonjo-Iweala #GlobalCoalition #SustainableDevelopment #FinancialInclusion #PublicDevelopmentBanks #ILO #Geneva2024 #ClimateAction