Our members are aligned with and work together to implement the Paris Climate Agreement through the Cooperation on Climate Finance, Mapping of IDFC’s Green Finance and the Outreach, Tracking progress and influence on the integration of climate change considerations by the financial community at large.COP 24 : IDFC Climate Finance Forum 2018 IDFC 2018 Green Finance Mapping Full Report
Supporting Sustainable Urban Development
We support cities to reinforce their municipalities’ capacities to implement low-carbon and climate-resilient strategies. Our members can provide financing directly to non-State actors towards a sustainable and inclusive pathway.
Cooperation for development
Strengthened cooperation is required to achieve the SDGS through the promotion of South-South Dialogue and triangular cooperation. We contribute in rethinking a multidimensional concept of development supported by a renewed strategic framework using innovative data and information systems.
Reducing inequalities is widely regarded as a key catalyst for sustainable development, economic growth and fight against poverty across the world. We are committed to join forces in reducing Income Inequalities, Promoting Universal Social and Economic Inclusion, Raising awareness and ensuring commitment to close persistent Gender Gaps and to promote financing in line with the protection of more fragile population such as displaced communities.
Life on land and below
The evidence of massive extinction of natural species and the loss of biodiversity caused by man activities is one of the most important challenges for human kind. We collaborate to develop a common vision on financing coherent with the preservation of biodiversity and natural resources through tracking methodologies and biodiversity impact reporting of public projects and banks’ investments.
IDFC at the One Planet Summit in Nairobi: Africa Pledge
The One Planet Summit, since its first edition in 2017 mobilizes the International Development Finance Club. For this first regional edition of the One Planet Summit, the unique role of Africa will be highlighted as a global partner facing both challenges and opportunities, in particular in the field of innovative solutions for adaptation and resilience. The Summit will bring together high-level officials, CEOs and inspiring voices from youth, and civil society to showcase concrete achievements and breakthrough initiatives, and trigger new coalitions and commitments. Designed as a full day of High-Level conversations and Coalition building for Climate and Environmental action in Africa, the event will start just before the opening of the high-level segment of UNEA-4, in a dedicated venue on the UN Compound in Nairobi, on March 14, from 9 am to 5 pm. See the full programme here
During the Summit, the Trade Development Bank (TDB), member of IDFC, regional development bank operating in East Africa, based in Nairobi is representing the Club. TDB President Admassu Tadesse will speak as keynote speaker at the opening of the « Sectorial Deep Dive Accelerating the Transition for All – Alignment of Development Bank with the Paris Agreement and Long Term Sustainable Financing in Africa ». This session of Deep Dive, from 14:00 to 15:00 on March 14, will aim to continue the discussions initiated during the COP 24 on the operationalization of the alignment with the Paris Agreement for development banks, especially in the African context, as well as the different tools, processes, methodologies and actions of financial institutions to accelerate climate finance in Africa. In addition to TDB, high-level stakeholders and a variety of institutions, including from the private sector, will be represented, including the Green Climate Fund, fellow IDFC member the Development Bank of Southern Africa (DBSA), the African Development Bank (AfDB), the European Investment Bank (EIB) and the Kenya Commercial Bank (KCB).
Aligning financial flows in Africa should help seize the enormous, yet still largely untapped, renewable energy potential of the continent, and more generally support pathways for low-carbon and resource-efficient growth. No continent will be struck as severely by the impacts of climate change as Africa, given its geographical position, the vulnerability of African populations and the reliance of economies on natural resources. For this reason, aligning financial flows with adaptation and resilience imperatives is of paramount importance for Africa. IDFC, as the largest provider of climate finance globally, could play a pivotal role in this aim for this promising and growing continent.
Press Release : IDFC and TDB Convene DFIs at the One Planet Summit in Nairobi
The International Development Finance Club (IDFC) Members, working together to implement the Sustainable Development Goals & the Paris Climate Agreement agendas, join forces as a platform to promote & leverage Sustainable Development Investment worldwide.More on our Governance>