International Development Finance Club (IDFC)

⏪ Beginning of this week, the AFRICA FINANCIAL SUMMIT - AFIS 2024 took place in Casablanca, focusing on crafting tangible solutions to the numerous challenges faced by the sector, with the aim of building a more inclusive and resilient pan-African financial services industry.   Adama MARIKO, Secretary General of The Finance In Common Summit, attended the event, representing FiCS, AFD - Agence Française de Développement and International Development Finance Club (IDFC).   He participated in several events throughout the Summit alongside key stakeholders from the financial industry.   Here are some key takeaways from the discussions and proposed actions:   ✔️Strengthening the role of local public banks: The limited involvement of local public banks in financing projects in Africa hinders their effectiveness and local ownership.   ✔️Fostering partnerships: Encouraging collaborations between international donors, local operators, local public bank, multilateral development banks and national/subnational development banks alongside local communities, while promoting co-financing mechanisms to support sustainable projects.   ✔️ Creating networks of Public Development Banks like International Development Finance Club (IDFC) and The Finance In Common Summit with PDBs of different sizes, maturity stages and operational capacities is essential to unleash their full potential as specific financial players   📅 Let's continue the discussion at the FiCS 2025 Cape Town co-hosted by Development Bank of Southern Africa (DBSA) and Asian Infrastructure Investment Bank (AIIB) ➡️ 26-28 Feb 2025 🔗 To register: https://lnkd.in/gagpCj_m For a summary of the side-event "Climate Finance : an innovative solution for the african financial industry" organized by Banque Ouest Africaine de Développement and International Development Finance Club (IDFC), follow this link: https://lnkd.in/egnPnjcU Thank you to all the speakers: Serge EKUE, Dr. komlanvi MOGLO, Moubarak Moukaila   Thank you also to all the panelists of the strategic roundtable "Energy, private equity, real estate: How can African institutional investors better exploit these opportunities?" for the great discussions: Isabelle Bébéar Bpifrance, Pascal Agboyibor ASAFO & CO., Olivier Granet Kasada Capital Management, Mohamed Wade Amandla Capital Real Estate, Nabil TAHARI IB Holding, Stéphane Mbadinga Ditengou Fonds Gabonais d'Investissements Stratégiques (FGIS), Jad Hajj SKYKAPITAL EUROPE, Denis Charles KOUASSI ✍ FiCS Secretariat: Arthur Pataud | Catherine Collin | Alessandro Mancini | Jimena Iraheta | Ornella d'Amico Skalli | Max Neumann | Sarah Gabour | Clémence Guiresse | Nicolas Picchiottino | Adama MARIKO | Jassim MERABET | Mégane Tandin |

📝 As we approach the end of 2024, where does the club stand in terms of Gender Finance? 𝐈𝐭’𝐬 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐮𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐈𝐃𝐅𝐂 𝐆𝐞𝐧𝐝𝐞𝐫 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐌𝐚𝐩𝐩𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭 📊  Swipe the slides to discover the key data. This annual report highlights the efforts of Public Development Banks #PDBs, members of the International Development Finance Club (IDFC), to mainstream gender considerations in their financing activities for 2022 and 2023. 𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐫𝐞𝐯𝐞𝐚𝐥? ✅ An analysis of commitments made by 13 banks to promote gender equality. 📝 Clear categories to measure impact: •A project is “Category 2: Gender-Focused / Gender-Transformative” when the gender dimension is systematically integrated into every step of the process, and reducing gender inequalities is the main/overall objective.  •A project is “Category 1: Gender-Responsive / Gender-Sensitive” when gender considerations are incorporated into certain activities or at certain points of the program life cycle but reducing gender inequalities is not the main/overall objective. •A project is “Category 0: Gender-Neutral” if it does not incorporate gender inequality dynamics into project planning and implementation. 📈 Insights into the targeted sectors, investment volumes, and financial instruments used. 🔎 𝐖𝐡𝐲 𝐢𝐬 𝐭𝐡𝐢𝐬 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭? This report serves as a critical tool for tracking progress, sharing knowledge, and strengthening gender-responsive financing. It aligns with the Sustainable Development Goals #SDGs and the #ParisAgreement, contributing to a more inclusive and sustainable future. Through collaboration and in-depth analysis, the IDFC Gender Tracker was developed to align public banks’ commitments with leading methodologies and tools for gender-inclusive financing. 👉 Download the full report here: https://lnkd.in/eYkbCkVv AFD - Agence Française de Développement | Bancoldex | Banco Centroamericano de Integración Económica - BCIE | Banque Ouest Africaine de Développement | Cabei | CAF -banco de desarrollo de América Latina y el Caribe- | CDP Cassa Depositi e Prestiti | HBOR - Hrvatska banka za obnovu i razvitak | KfW | Nacional Financiera S.N.C (Nafin) | PT Sarana Multi Infrastruktur (Persero) | SIDBI(Small Industries Development Bank of India) | TSKB | Türkiye Sınai Kalkınma Bankası ✍ IDFC Team : Nicolas Picchiottino | Florence Marzuk | Antonin d'Ersu | Jassim MERABET | Dr. komlanvi MOGLO | Mustapha Kleiche IDFC #ResponsibleFinance #GenderEquality #DevelopmentBanks #SDGs #ParisAgreement

🗞 NEWSLETTER | Wrap-Up of an Impactful Second Week at #COP29IDFC Pavilion! As #COP29 comes to a close, we celebrate another remarkable week at the IDFC Pavilion. Over the past two weeks: ✅ Hosted 30+ events 🤝 With contributions from 9+ members & numerous partners 🎤 Featuring 150+ panelists sharing their expertise and visions Topics covered included: 🌿 Carbon markets 💰 Climate finance ⚡ Energy transition 🌍 Common principles ✔️ Technical Assurance ♀️ Gender equality ...and much more! 👏 A huge thank you to all the side event organizers and participants who made this possible! Stay tuned—replays of all events will soon be available on our website: https://lnkd.in/e9YiBviJ IDFC members participants and partners: IDFC Facility (International Development Finance Club) AFD - Agence Française de Développement, Bancoldex, Banque Ouest Africaine de Développement, CAF -banco de desarrollo de América Latina y el Caribe-, Development Bank of Southern Africa (DBSA), Japan International Cooperation Agency (JICA), KfW, CABEI, CDP Cassa Depositi e Prestiti, TSKB | Türkiye Sınai Kalkınma Bankası and numerous partners Climate Policy Initiative, E3G, I4CE - Institut de l'économie pour le climat / Institute for Climate Economics, International Institute for Sustainable Development Some of the speakers present during this second week, thank you to all: Niklas Höhne, Anna Nilsson, Sarinee Achavanuntakul, Hilen G Meirovich, Seleha Lockwood, Laura Sabogal, Moubarak Moukaila, Mustapha Kleiche IDFC, Angie Dazé, Debbie Ley, Chikondi Chabvuta-Mkawa, Colette BENOUDJI, Manal Bidar, Christophe Buffet, Nicole Pinko, Atika Ben Maïd, Nancy Saich, siloshini naidoo, Michele Diekmann, Claire Eschalier, Nicolas Picchiottino, Dr. komlanvi MOGLO, Sasha Abraham, Manfred Kopper Castro, Ignacio Lorenzo Arana, Draženka and more ...

#COP29IDFC | ❓ What is the link between Gender, Equity, and Justice in Climate Change Adaptation? This was the key question addressed this morning by the speakers, invited by International Institute for Sustainable Development at the IDFC Pavilion. This event, organized in collaboration with AFD - Agence Française de Développement, CARE highlighted a critical topic for ensuring a just and #inclusivetransition in the face of #climatechallenges. We were delighted to host this important discussion at the IDFC Pavilion during this last day of events. IDFC Facility (International Development Finance Club) will conclude COP29 Azerbaijan with a closing event at 5:30 PM (Baku Time) ➡ https://lnkd.in/e9YiBviJ 𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝟰 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝘀𝗲𝘀𝘀𝗶𝗼𝗻: ✔ The IPCC’s 6th Assessment Report contained more evidence on gender, equity, and justice in climate change adaptation than any previous report. ✔ The historical and ongoing exclusion and marginalization of people based on their gender, race, wealth, disabilities, social status, or other socio-economic characteristics influences their vulnerability to the impacts of climate change. ✔ When adaptation planning and action include considerations of gender, equity, and justice, adaptation efforts are strengthened, and there is greater potential to produce more successful, cost-effective, and just plans and outcomes. ✔ Community-based adaptation (CbA), human rights-based approaches (HRBA), and approaches to adaptation that consider gender-related dimensions or are equity based can address adaptation while also contributing to gender-, equity-, and justice-related outcomes. 𝗪𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗹𝗶𝗸𝗲 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲? 𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗲 𝗽𝗮𝗽𝗲𝗿𝘀 𝗯𝗲𝗹𝗼𝘄: 🔗 https://lnkd.in/gb4VsEt3 🔗https://lnkd.in/eYjS_HGF 👏 A big thank you to the panelists for their commitment, for sharing their experiences, and for their invaluable insights : Angie Dazé | Debbie Ley | Chikondi Chabvuta-Mkawa, CARE | Colette BENOUDJI | Manal Bidar | Christophe Buffet The replay will soon be available on our website! https://lnkd.in/e9YiBviJ  Stay tuned to (re)discover this session.

The accelerated expansion of ⚡ #renewable energies and the preservation of 🌿 #biodiversity are crucial to meeting the 1.5-degree limit of the #ParisAgreement. KfW is contributing its expertise and concrete projects to both of these future topics at the 29th World Climate Conference in #Baku. 📢 ➡️ What is needed for a faster global energy transition was debated by KfW’s Michele Diekmann, in the pavilion of the International Development Finance Club (IDFC) with partners from #SouthAfrica, #India and #SouthAmerica. For KfW, a successful energy transformation is based on a combination of global investment, indispensable political support and technological innovation - held together by regional and intergovernmental cooperation. ✔️ Other key elements include the mobilisation of venture capital, combined with the reduction of investment risks. ✔️ ➡️ KfW's commitment to nature conservation at #COP29 took centre stage at a side event in the WWF pavilion. In the Caucasus region, KfW has been promoting a so-called biodiversity hotspot for decades. 💡 A presented analysis shows that investments in the protection of natural resources pay off in many ways: They help to preserve biodiversity, promote regional economic development and contribute to climate protection. From 2000 to 2024, KfW-financed projects in the South Caucasus helped to more than double the protected area - from one million to 2.2 million hectares. At the same time, nature conservation has removed an additional 12 million tonnes of CO2 from the atmosphere over the past 24 years. ✔️ ➡️ The session ‘Enhancing ambition on nature and inclusion within Mission 1.5°C’ explored how nature and inclusion can be fully integrated in this critical mission. KfW’s Andrea Hauser outlined that we must keep up the pace in protecting areas and integrate the protection of biodiversity in all of our project concepts wherever we can. ✔️ KfW is working on mainstreaming biodiversity topics in its portfolio, i.e. for every project we support we will assess not only its risks, but also its potential for protecting and fostering biodiversity. ✔️ More about KfW at the COP29 👉 https://lnkd.in/eX67kgUU CAF -banco de desarrollo de América Latina y el Caribe- Development Bank of Southern Africa (DBSA) Avaada Group Manuel Pulgar-Vidal Olympus Manthata SUMIT SHARMA CFA, FRM Martha Castillo

The 2022 #IPCC report contains more evidence on gender, equity, and justice in climate change adaptation than ever before. But how do you find it in the thousands of pages of the report? And how can we make this information more accessible and useful for the people who need it most? If you’re at #COP29 tomorrow, come join Chikondi Chabvuta-Mkawa, Colette BENOUDJI, Manal Bidar, and I to unpack some of the key messages from the IPCC Working Group II report, and share stories that can help us to communicate them for more gender-responsive and just adaptation action. If you're not in Baku, a livestream will be available here: https://lnkd.in/gC-Fmm-A Christophe Buffet | (E) Lisa (F) Schipper | Debora Ley, PhD | Edmond TOTIN | Cameron Hunter

❓ QUESTION | What role can financial intermediation play in achieving the Paris Agreement objectives? It was the central question that panelists addressed during the side event organized by Mainstreaming Climate in Financial Institutions on "Maximizing PDBs’ Climate Impact Through Financial Intermediation" at #COP29IDFC, where they shared insights and the latest research from think tanks and international organizations. Find the key takeaways below: ➡ Much is expected from institutions that deploy public funds, beyond their transactions, as their work influences the behaviour of private actors in capital markets ➡ Having sub-regional development banks function as regional adaptation hubs could help aggregate adaptation financing needs & channel international financing ➡ #PDBs need to support local financial systems by moving from a project approach to a counterparty-based approach, all the way to a system approach ➡ Banks need common definitions and a simple system to understand what counts as #climatefinance ➡ Counterparties need capacity and technical support but also time to transition, rather than a tick-the-box approach for transition and adaptation finance ➡ Some IDFC members are developing tailor-made #technicalassistance to institutions' needs, along with financial incentives that could help support investments in sustainability-linked finance 👏 Thank you to all the panelists for the great discussions and the presentations of the tools: - Nancy Lee, CGD - Nicole Pinko, Climate Policy Initiative - Atika Ben Maïd, AFD - Agence Française de Développement - Nancy Saich, European Investment Bank (EIB) - siloshini naidoo, Development Bank of Southern Africa (DBSA) - Michele Diekmann, KfW - Claire Eschalier, Mainstreaming Climate in Financial Institutions

Event Recap ⬇️ #COP29IDFC “Practical appliance of GHG accounting through IDFC CarboMeter tool” We hosted an event today at #COP29IDFC Pavilion to assess the importance of GHG accounting in tracking GHG emissions and to showcase the IDFC CarboMeter tool that the IDFC Facility · International Development Finance Club offers to the members of the International Development Finance Club (IDFC). CDP Cassa Depositi e Prestiti, Caisse de Dépôt et de Gestion, PT Sarana Multi Infrastruktur (Persero), HBOR - Hrvatska banka za obnovu i razvitak, who were the beta testers during the development phase, provided insightful feedback.       👏 A big thank you to all of the speakers Karsten Löffler from Frankfurt School of Finance & Management, Morgane Le Guen and Inès de La Comble from Carbone 4, Draženka Draženović Kostelac, PhD, CFA, Francesca Spinosi, Dr. Ghizlaine Nourlil, josua partogi, Mustapha Kleiche IDFC 🎯 Session highlights ➡️ GHG emissions accounting is important for Development Banks through the target setting in reaching the GHG reduction objectives in line with Paris agreement ➡️ Climate-related risk is supported by GHG accounting ➡️ Green product development can address low-carbon activities and support the transition to a low carbon economy 🎯 The CarboMeter tool - Feedback and testimonies The members of the International Development Finance Club (IDFC) highlighted the features they appreciated : the tool is user friendly, convenient, provides clear results in terms of KPIs and offers the possibility to use standards when input data is missing. ✍ IDFC Team : Nicolas Picchiottino | Florence Marzuk | Draženka Draženović Kostelac, PhD, CFA | Dr. komlanvi MOGLO |Tawanna Caroline L. | Mustapha Kleiche IDFC | Carlota Emeryk Pérez |

#COP29IDFC | Focus on Mainstreaming Climate in Financial Institutions Side event: "𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗿𝗶𝘀𝗸 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀: 𝗛𝗼𝘄 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗴𝗼 𝗯𝗲𝘆𝗼𝗻𝗱 𝗱𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲" ➡ Swipe below to discover the key takeaways shared by the experts during this insightful event. 💡 Financial institutions were recognized as important players in building resilience against climate impacts by integrating climate-related risks into their frameworks and strategies. This event aimed to: 1️⃣ Highlight recent findings on climate risk management relevant to financial institutions 2️⃣ Foster experience sharing on how financial institutions could work together for better climate risk management 3️⃣ Support the identification of financial instruments that adapted to the risks faced by financial institutions' counterparties. Ultimately, the event sought to help financial institutions better contribute to addressing global climate risks, target their assistance to increase resilience in local economies, and go further beyond risk disclosure. Thank you to all the panelists: - Jaspreet Kaur, Climate Policy Initiative - Remco Fischer, United Nations Environment Programme Finance Initiative (UNEP FI) - Natasha Chaudhary, I4CE - Institut de l'économie pour le climat / Institute for Climate Economics - Alina Mika, EBRD - Nora Lambrecht, IDB Invest - Amal Benaïssa, PhD, Bank Of Africa - Dr. komlanvi MOGLO, Banque Ouest Africaine de Développement and IDFC Facility (International Development Finance Club) - Yukichi Usui, Japan International Cooperation Agency (JICA) - Claire Eschalier, I4CE - Institut de l'économie pour le climat / Institute for Climate Economics

📢 Join us at #COP29IDFC on Nov 20 for our Side-Event focused on the role of the National Development Banks (NDBs) in supporting cities’climate smart infrastructure projects. ➡️ The session will explore the efforts that the International Development Finance Club (IDFC) members are making in order to systematically improve their institutional readiness for financing and advising on urban low-carbon and climate-resilient infrastructure with the objective to increase their financing commitments with climate benefits, thereby unlocking further financing from a range of local/international private and public sources. 🤝 The IDFC Facility · International Development Finance Club is happy to welcome Federal Ministry for Economic Affairs and Climate Action, CAF -banco de desarrollo de América Latina y el Caribe-, BNDES, Development Bank of Southern Africa (DBSA), PT Sarana Multi Infrastruktur (Persero), C40 Cities and Cities Climate Finance Leadership Alliance (CCFLA). 📺 Follow the livestream: https://shorturl.at/lq8nH 📍 IDFC Pavilion Location: Blue Zone - Stadium Ground Floor - Number C21 ✍ IDFC Team : Nicolas Picchiottino | Florence Marzuk | Jassim MERABET | Mustapha Kleiche IDFC | Tawanna Caroline L. | Dr. komlanvi MOGLO | Charlotte Jurus | Carlota Emeryk Pérez | Constant Harbonn | Guylaine HOR | Draženka Draženović Kostelac, PhD, CFA