IFAD at Finance in Common
30 October 2020
11:00 – 14.00 CET
Pre-Summit High-Level Dialogue
Common vision, common action: Towards financing sustainable food systems
On 12 November, France is hosting the first-ever summit of Public Development Banks under the patronage of French President Emmanuel Macron with the support of the UN Secretary-General. It is a joint initiative of the International Development Finance Club (IDFC) and the World Federation of Development Finance Institutions (WFDFI).
The volume of activity of the world’s existing 450 public development banks amounts to about US$2 trillion annually – a staggering 10 per cent of the total amount invested in the world every year by all public and private sources combined. With their public mandates and counter-cyclical roles, PDBs are more relevant than ever to help reconcile necessary short-term responses to COVID-19–related crises with solutions for reaching the Sustainable Development Goals and delivering on the Paris climate agreement.
At the High-Level Dialogue, IFAD in collaboration with AFD, and a coalition of public development banks investing in agricultural and rural development, regional development finance institutions, and rural and agricultural credit associations will discuss common commitments and actions to enhance the role of PDBs as investors and catalysts of private investments, with the aim of transitioning towards greener, more inclusive agriculture and food systems globally.
The outcome of these discussions will be presented at the event Financing sustainable food systems – PDBs as catalysts of new investment models, organized by IFAD and partners, at the Finance in Common summit on 12 November.
High Level Dialogue - Welcome and opening
Master of ceremonies: Ron Hartman, Director, Global Engagement, Partnership and Resource Mobilization, IFAD
Rémy Rioux, CEO, Agence Française de Développement
Gilbert Houngbo, President, IFAD
Alvaro Lario, Associate Vice-President, IFAD
Panel 1: PDBs as investors and investment catalysts for climate change adaptation and mitigation in agriculture
Moderator: Rossana Polastri, Director, Latin America and the Caribbean Division, IFAD
Elwyn Grainger-Jones, Managing Director, Institutional Strategy and Systems, CGIAR
Ania Grobicki, Deputy Director, External Engagement, Green Climate Fund
Jesús Alan Elizondo Flores, Director General, Fideicomisos Instituidos en Relación con la Agricultura (FIRA)
Malick Ndiaye, Directeur Général, La Banque Agricole du Sénégal
Panel 2: Leveraging and de-risking commercial finance for food systems transformation: The role of PDBs
Moderator: Atsuko Toda, Director, African Development Bank Group
Dr Prasun Das, Secretary-General, Asia-Pacific Rural and Agricultural Credit Association
Japhet Justine, CEO, Tanzania Agricultural Development Bank
Presentation and agreement on outcome document
Bettina Prato, Senior Coordinator, SAFIN
The High Level Dialogue takes place in the lead-up to the Finance In Common summit