On the sidelines of the United Nation’s Economic and Social Commission for Asia and the Pacific (ESCAP) 2nd Regional Workshop on Innovative Climate Finance Mechanisms for Financial Institutions in the Asia-Pacific Region held in Bangkok, Thailand (please see separate story), a second partners’ meeting amongst ADFIAP, ESCAP and the International Chamber of Commerce (ICC) was convened by ESCAP on March 7, 2019.

The meeting was chaired by ESCAP’s Dr. Laura Altinger, Senior Advisor, Climate Change and Mr. Masato Abe, Economic Affairs Officer. In attendance were ICC members from Pakistan, Sri Lanka, Bangladesh, Indonesia, Nepal and Thailand. ADFIAP was represented by Ms. Cora Conde, ADFIAP Consulting Group Head and Mr. Victor Abainza, Senior Consultant.

ESCAP, ADFIAP and the ICC are working as partners to implement ESCAP’s project on “innovative climate finance mechanisms for financial institutions” in Asia and the Pacific. The project aims to strengthen capacity of public financial institutions to develop policies or instruments that promote private sector investments in climate change mitigation and adaptation projects. As part of this project, ESCAP, ADFIAP and ICC will conduct a series of in-country consultations with financial institutions, among others.

Discussed during the meeting were the activities and timetable, work plan and division of labor; and the letters of agreement to be forged between ESCAP and the partners. The project is targeted to be completed within 2019.

For more information on ESCAP, please log in to https://www.unescap.org