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The Role of National Development Banks in Mobilizing International Climate Finance - April 18 & 19, 2012 - Washington, D.C.

Date: 18 Apr 2012 to 19 Apr 2012

Time: 8:15 AM

Location: Washington, D.C., United States

NOTE: Presentations are located under the "Documents" link in the left-hand menu. They are designated by PRESENTATION in the title.

The Latin American Association of Development Financing Institutions – ALIDE, the Agence Française de Developpement – AFD, the German Federal Ministry for Economic Cooperation and Development – BMZ, the Development Bank of Southern Africa – DBSA, the Inter-American Development Bank – IDB, KfW Bankengruppe, the United Nations Environment Programme – UNEP, and the World Resources Institute – WRI, the World Federation of Development Finance Institutions – WFDFI, and The Association of Development Financing Institutions in Asia and the Pacific – ADFIAP, jointly organized a workshop on "The Role of National Development Banks in Mobilizing International Climate Finance", held at the headquarters of the Inter-American Development Bank, in Washington, D.C., on April 18-19, 2012.

At the 2011 Climate Change convention in Durban, governments agreed to start the operationalization of the Green Climate Fund (GCF) in 2012. The GCF is expected to become the major international climate fund and a fundamental stakeholder in the coordination and delivery of the 100 billion USD pledged by 2020 under the Convention.

In June 2012, governments will also be gathering in Rio de Janeiro, for the Rio+20 Summit, to renew their commitments regarding sustainable development. Suitable macroeconomic policy frameworks and the scale up of public and private finance, including at the national and local levels, will be key elements of discussions.

With their capacity to leverage international funding and increase its impact and effectiveness through their field knowledge and expertise as well as innovative financing schemes, national development banks are considered key actors of climate finance and for the promotion of environmental and social benefits. Moreover, national development banks’ capacities to efficiently access absorb and coordinate international climate finance has been identified as key element for enhancing countries’ effectiveness in responding to climate change. Within this context, the collaboration with local financial institutions and finance ministries has become an important precondition to ensure that climate finance is used efficiently to catalyze public and private investments needed to address climate change and promote environmentally friendly economies.

The workshop helped increase awareness from a broad range of national development banks, local financial institutions and other key stakeholders on the opportunities and challenges of international climate finance. Furthermore, the event provided for a platform to discuss:

  • Opportunities and challenges for the implementation of the Green Climate Fund from the perspective of national development Banks and local financial institutions.
  • The role of treasuries and development banks in the coordination and leverage of international climate finance and its blending with national, public and private funding.
  • Experiences with international climate funds and market mechanisms and recommendations to improve their effectiveness.
  • Recommendations to international fora and processes such as the Rio+ 20 conference in June 2012 and the Climate Change Conference in December 2012.

This workshop was attended by representatives of finance ministries, national development banks and financial institutions from Latin America as well as Africa and Asia, international development finance institutions (multilateral, regional and bilateral), and international experts on issues related to Climate Change funding.

Link to recording of Webcast feed of Day 1 Sessions (English): www.livestream.com/IDBclimatefinance

Link to to recording of Webcast feed of Day 1 Sessions (Spanish): www.livestream.com/BIDfinanciamientoclimatico

*A recording of the sessions will be made available via the same link above shortly.

*This workshop was closed to the public and was by invitation only.

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