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Impacts

Improving Access to Water and Sanitation for millions in Ethiopia

Ethiopia
World Toilet Day on November 19 highlights the dangers of lacking sanitary facilities, and the search for sustainable solutions. With an estimated 419 million people practising "open defecation" worldwide, the need for access to clean, safe toilets for all is more urgent than ever. Which is why AFD is funding a number of initiatives, including two flagship projects in Ethiopia. One will provide 2.6 million people with improved, gender-sensitive sanitation facilities and the second will improve access to water for 1 million people in 45 towns.
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Finance in Common

Taking the Leap: the Cutting-Edge Development Banks Aligning their Activities with the SDGs

SDGs and the UN HQ
At the halfway point to the 2030 deadline, the world is far from achieving the Sustainable Development Goals. Public development banks however, can play a crucial role. Ahead of the UN General Assembly’s SDG Summit in New York on 18-19 September, we look at what some PDBs are doing to ensure their activities help make the Goals a reality.
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Finance in Common

Public Development Banks explained in 4 Infographics

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FiCS 2023
Little known by the public, the more than 500 public development banks (PBDs) around the world play a major role in the global economy, accounting for more than 10% of annual world investment. As PDBs convene in Cartagena, Colombia for the fourth Finance in Common Summit (FiCS) on September 4 to find ways to support actions for sustainable development, we illustrate the sheer scale of their investment with four infographics.
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Finance in Common

African Public Development Banks: Essential Actors in Times of Crisis

African Banks
Discussion at this week’s Finance in Common Summit and research conference has turned to African development banks and the role they can play in helping economies withstand external economic shocks and emerge from crises. A recent study of the more than 100 banks operating in West Africa has found that PDBs could make meaningful contributions across the continent, bolstering economies not only in the aftermath of crises such as the continuing Covid pandemic, but long term.
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Finance in Common

FICS Research Conference 2022: PDBs & Policy Tips for Decision-Makers

FICS Conférence de recherche Day 1
Over the past decade, public development banks have increasingly aligned their activities and mandates with the Sustainable Development Goals, but more can be done to maximize their impact. Ahead of this week’s FICS Summit, a research conference on 18 October discussed PDBs’ role in national and international finance, their contribution to efforts to fulfill the SDGs, and the work they do, and could do, in Africa. We examine some of the policy recommendations that were discussed, and which have been the subject of intense study by an international team of researchers over the past three years.
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Finance in Common

3rd FICS Summit for a Green and Sustainable Recovery

FICS 2022
Representatives from hundreds of Public Development Banks (PDBs) around the world are to convene in person and virtually for the third Finance in Common Summit – the first such gathering in Africa. Delegates will meet on 18-20 October in Abidjan, Côte d’Ivoire to discuss both current emergencies and persistent, long-term economic, health and environmental crises.
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Finance in Common

Biodiversity Degradation: 3 Risks for Finance

A behive in Miwecue, Mozambique - threatened Biodiversity
Damage done the environment has an impact beyond the natural world. It poses potential problems to financial institutions and consequently to individual savers and entire economies. Nature and finance are more interconnected than we think, and the degradation of biodiversity is forcing financial institutions and governments to cope with new risks posed by the environmental fallout. We look at three fundamental risks.
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Finance in Common

Following FiCS 2, Development Bank Coalition Ready for the Road Ahead

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Sunlit Road Ahead FiCS 2
Hosted in Rome by Cassa Depositi e Prestiti (CDP), the second edition of the Finance in Common Summit brought together for the second time the whole community of Public Development Banks and stakeholders on 19 and 20 October. The event covered a range of pressing development issues and served as a global platform to share cutting-edge research and launch joint initiatives.
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Finance in Common

Public Development Bank Evaluation and the Sustainable Development Goals

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datawall pic
Public Development Banks are privileged partners in matters of development aid. Assessing their work allows AFD to better understand how to make collaboration with these institutions more productive, with an eye to achieving the Sustainable Development Goals (SDGs).
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Finance in Common

Public Development Banks in Action: A Progress Report One Year On

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Asia Pacific Vietnam
In Latin America and the Caribbean, where GDP contracted by 7% in part due to the Covid pandemic, Public Development Banks stepped in to channel some $90 billion in credit. PDBs play a major role at the financial and economic levels. The world’s first-ever Finance In Common Summit in Paris last year demonstrated that greater collaboration among PDBs could help not only reorient financial flows, but also tackle major development issues. They signed a Joint Declaration of Public Development Banks of the World last November, and designed a roadmap for action. One year on, how much have they achieved? We examine 15 areas of action, from climate resilience and water finance, to the private sector in Africa.
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Finance in Common

FiCS 2021: A New Database of the World’s 527 Public Development Banks and Financing Institutions Unveiled

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Cape Town South Africa
A new database providing invaluable information on the world’s Public Development Banks will be presented at the second edition of the Finance in Common Summit this week. It’s a major update to the first-ever database on PDBs and Development Financing Institutions (DFIs) launched last year by AFD and the Institute of New Structural Economics (INSE) at Peking University. It provides a window into the global financial architecture that is key to building a coalition to shift resources towards sustainable development.
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Finance in Common

The Second Finance in Common Summit: Public Development Banks at a Glance

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fics 2
More than 500 Public Development Banks are expected to convene for the Finance in Common Summit (FiCS), from 19 to 21 October in Rome and online, and hosted by Cassa Depositi e Prestiti (CDP). After the summit’s inaugural launch in Paris last year, PDBs will meet for the second time to reinforce their commitment to sustainable development and to coping with the fallout from climate change.
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Finance in Common

Rémy Rioux: "A renaissance among Public Development Banks"

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Rémy Rioux, Finance en commun
More than 500 Public Development Banks will tackle questions ranging from the pandemic to financing the economic recovery at the second Finance in Common Summit (FICS). Held in Rome from October 19 to 21 by the Cassa Depositi e Prestiti, the conference follows the inaugural FICS launched in Paris last year.

As Rémy Rioux, CEO of Agence Française de Développement and President of International Development Finance Club (IDFC) says in the video below, Public Development Banks are seeing a renaissance, with a renewed focus on implementing the Sustainable Development Goals.
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Finance in Common

10 Highlights from the First Global Summit of Development Banks

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FICS
The first Finance in Common Summit on November 9 to 12, was hosted remotely from Paris by Agence Française de Développement. The mainly virtual gathering brought together public development banks to discuss the key issues of the 2030 Agenda and to initiate a new coalition. Here are 10 highlights of this unprecedented event.
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Finance in Common

Aiming for the SDGs: 10 Recommendations for Development Banks Around the World

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Amboseli national park, Kenya
AFD’s 14th International Development Research Conference, and the Finance in Common Summit were the occasion for an international network of researchers to offer initial recommendations for boosting the potential of public development banks, and for supporting structural transformations, which help pave the way to a fairer and more sustainable global economy.
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Finance in Common

Finance in Common: New AFD Projects on the Ground

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Finance in Common The First Global Summit Of All Public Development Banks
A key organizer of last week’s Finance in Common, the first summit of development banks, and its emblematic statements, AFD Group also committed to a series of new projects on the ground, alongside its partners. Here is a brief rundown of what’s underway.
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Finance in Common

An Inclusive Private Sector Recovery in Africa

Afrique
During last week's Finance in Common summit, one digital gathering looked to Africa in particular. At the event, “Africa: Towards a Sustainable Recovery for the Private Sector”, organized by EDFI (European Development Financial Institutions) , high-level players announced they will mobilize at least $4 billion for African small and medium-sized enterprises by the end of 2021.
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Finance in Common

The Urgency of Adapting to Climate Change

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Fiji mangroves with AFD project RESCCUE
All over the world, climate change is causing loss of life and serious environmental damage. And it’s in the global south where the effects are most pronounced. As part of the Finance in Common Summit uniting 450 development banks virtually in Paris on 11 and 12 November, an online international panel including former UN Secretary-General Ban Ki-Moon, issued a resounding call for efforts to be scaled up. Solutions may already be within reach.
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Finance in Common

Research Paves the Way to a New Era for Development Banks

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the "Visible Hand" conference, on Development banks in transition
Faced with the Covid-19 crisis, how can we ensure that short-term stimulus packages won’t compromise long-term trajectories toward a low-carbon, inclusive, and sustainable economy? And what role can development banks play in contributing to a fair and sustainable recovery? Researchers, economists and representatives of development banks gathered for an online conference organized in Paris on November 9 and 10. Together, they shared their analyses and recommendations on the challenges ahead.
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Finance in Common

Concrete Commitments at Inaugural Summit

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Concrete Commitments Made at Inaugural Summit
The first ever international summit of public development banks, unfolding over four days from 9 to 12 November, gave rise to a series of major announcements. They all point towards a global financial system dedicated to the fulfillment of the Sustainable Development Goals and to total alignment with the Paris Agreement. Here are some highlights of an historic moment.
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