The Finance in Common Summit, taking place during the Paris Peace Forum in November 2020, will address our common need to build new forms of prosperity that take care of the living (people and planet) in a resilient manner. The Summit will stress the crucial role of Public Development Banks (PDBs) in reconciling short-term countercyclical responses to the crisis with sustainable recovery measures that will have a long-term impact on the planet and societies. The Summit is an opportunity to:
- gather for the first time the world’s 450 PDBs and discuss their role, their ambition, their challenges and opportunities
- bring together the financial community at large to design a financial system whereby Public Development banks would have the ability to reorient and leverage all financial flows in the direction of climate and the SDGs
- contribute to supporting and reinventing multilateralism by promoting new forms of cooperation.
The Summit will be an important milestone on the way to the COP26, the COP15 and the Generation Equality Forum. To ensure broad and effective engagement with all stakeholders, and in light of the Covid-19 crisis and its consequences, the Summit will take place on a dedicated digital platform.
Leading up to the Summit, a research conference hosting a consortium of prominent academic institutions will present papers and share insights about how PDBs can produce better finance over the long term.