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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.



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