Abuja, Nigeria, November 9, 2023—The AADFI-ADFIAP Joint CEO Forum, a highly anticipated gathering of Development Finance Institutions (DFIs), has officially commenced today. The forum aims to harness the unique capabilities of DFIs to drive climate finance and promote sustainable development.
According to Mr. Enrique Florencio, Secretary General of ADFIAP, “Development Finance Institutions (DFIs) have a distinct advantage in driving climate finance through their financial resources and expertise. They possess the ability to leverage their financial capabilities to provide long-term capital, mitigate investment risks, and facilitate the involvement of the private sector in climate-related projects. DFIs frequently extend their support to initiatives related to renewable energy, sustainable infrastructure development, and climate-smart agriculture, all of which play a crucial role in reducing greenhouse gas emissions and improving resilience to climate change impacts. Moreover, by aligning their investments with sustainable development goals, DFIs not only promote economic growth but also prioritize the preservation of the environment.”
DFIs are actively aligning their investments with the United Nations’ Sustainable Development Goals (SDGs). By integrating the SDGs into their strategies, DFIs ensure that their financial activities are not only economically viable but also socially and environmentally responsible. This alignment fosters inclusive economic growth while promoting environmental stewardship and social well-being.
The AADFI-ADFIAP Joint CEO Forum serves as a testament to the commitment of DFIs to addressing climate change and promoting sustainable development. By harnessing their financial capabilities and expertise, DFIs are driving positive change and paving the way for a greener and more resilient future.
Watch it live: https://lnkd.in/gWDhhbnQ