Despite some countries’ turn away from climate policy, climate change continues to pose an enormous threat–especially to developing countries–but climate action also provides enormous opportunities. Rising to the occasion will require a tremendous mobilization of resources. Furthermore, while important progress has been made in aligning international financial institutions with development and climate change goals, the scale of available financing is still not commensurate with what is needed.
In its new strategy report, the Task Force on Climate, Development and the International Financial Architecture–a Global South-led consortium of eight think tanks and two intergovernmental partners–will advance a case for integrating climate policy into the international financial architecture in a manner that is development-centered. Founded in 2021, the Task Force previously focused on the International Monetary Fund and is now expanding its focus to the wider international financial architecture for a systemic response to our most urgent challenges.
This event brings together key experts and policymakers to discuss why an investment-led approach is necessary to support countries in achieving their development and climate change goals.
Opening Remarks:
- Iyabo Masha, Director, Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24)
Presenters:
- Kevin P. Gallagher, Director, Boston University Global Development Policy Center
- Amar Bhattacharya, Senior Fellow, Global Economy and Development, The Brookings Institution
Panelists:
- Ed Brown, Senior Director, Research, Policy & Programs, African Center for Economic Transformation (ACET)
- Beomhee Han, Head of CMIM Support Group, ASEAN+3 Macroeconomic Research Office
- Timothy Afful-Koomson, Chief Climate Finance Officer, African Development Bank Group
Moderator:
- Marilou Uy, Task Force Member
Closing Remarks:
- Sara Jane Ahmed, Managing Director and Finance Advisor, Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20)
