The World Federation of Development Financing Institutions (WFDFI), on the occasion of its 1st Global Sustainable Finance Conference held on September 8-9, 2011 in Karlsruhe, Germany and attended by 58 participants from 25 countries in 5 continents, has drafted and issued “The Karlsruhe Declaration”, a set of statements enjoining development banks and other financial institutions, development organizations, government bodies, the academe and civil society to do their respective share in the pursuit of sustainable development.
Specifically, the world development bank association sends a message to the Rio+20 that it will continue to use, through its member-institutions, their finance and investment resources and skills as levers to promote and pursue sustainable finances policies, practices and programs to alleviate the effects of climate change and other environmental and social problems besetting the world today.
The Rio+20 or the United Nations Conference on Sustainable Development (UNCSD) will take place in Brazil on June 4-6, 2012 to mark the 20th anniversary of the 1992 United Nations Conference on Environment and Development (UNCED) held in Rio de Janeiro and the 10th anniversary of the 2002 World Summit on Sustainable Development (WSSD) in Johannesburg. It is envisaged as a conference at the highest possible level, including heads of state and government and other representatives.
