The ETTG Secretariat (Daniele Fattibene) and members (ECDPM, IDDRI, and ODI Global) were actively involved in the 5th Finance in Common Summit (FICS) in Cape Town, South Africa.
The event ran alongside the G20 finance ministers meeting and brought together over 2,500 participants representing more than 530 Public Development Banks and Development Finance Institutions that collectively manage 10% of global investment.
ETTG co-organised a high-level session on “Unlocking PDB’s potential for an Ambitious FfD4 Outcome” moderated by Shari Spiegel (United Nations Department of Economic and Social Affairs), in partnership with the Global Research Network on PDBs (Thomas Melonio, Nicolas Picchiottino) the FICS Secretariat Rรฉmy Rioux and Adama MARIKO).
San Bilal, Cecilia D’Alessandro and Karim Karaki represented ECDPM, Cรฉline Kauffmann and Elise Dufief – IDDRI and Samantha Attridge and Hans Peter Lankes – ODI Global.
In today’s uncertain global landscape, the summit reinforced several critical priorities:
โข Building ๐๐๐ฟ๐ผ๐ป๐ด๐ฒ๐ฟ ๐ฐ๐ผ๐ฎ๐น๐ถ๐๐ถ๐ผ๐ป๐ ๐๐ผ ๐ฟ๐ฒ๐ณ๐ผ๐ฟ๐บ ๐ถ๐ป๐๐ฒ๐ฟ๐ป๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ architecture is essential for meeting development and climate goals
โข ๐ฃ๐๐ฏ๐น๐ถ๐ฐ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐ ๐๐ฎ๐ป๐ธ๐ ๐ฝ๐น๐ฎ๐ ๐ฎ ๐ฐ๐ฟ๐๐ฐ๐ถ๐ฎ๐น ๐ฟ๐ผ๐น๐ฒ in ๐ฑ๐ฒ-๐ฟ๐ถ๐๐ธ๐ถ๐ป๐ด ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐๐ and ๐ฎ๐น๐ถ๐ด๐ป๐ถ๐ป๐ด ๐๐ถ๐๐ต ๐ธ๐ฒ๐ ๐ฝ๐ผ๐น๐ถ๐ฐ๐ ๐ฝ๐ฟ๐ผ๐ฐ๐ฒ๐๐๐ฒ๐ like COP30 and G20
โข PDBs have a powerful ๐บ๐๐น๐๐ถ๐ฝ๐น๐ถ๐ฒ๐ฟ ๐ฒ๐ณ๐ณ๐ฒ๐ฐ๐ ๐๐ต๐ฎ๐ ๐ฐ๐ฎ๐ป ๐ฑ๐ฟ๐ถ๐๐ฒ ๐๐ฟ๐ฎ๐ป๐๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐๐ฒ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐ in climate finance, agri-food, digital infrastructure, and more
โข While public resources are vital, ๐ฝ๐ฟ๐ถ๐๐ฎ๐๐ฒ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐ถ๐ ๐ฒ๐พ๐๐ฎ๐น๐น๐ ๐ถ๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ – especially as international aid faces cuts in many countries
โข ๐๐ผ๐๐ป๐๐ฟ๐ ๐ฝ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ๐ ๐ถ๐ป ๐๐ต๐ฒ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐ฆ๐ผ๐๐๐ต ๐ป๐ฒ๐ฒ๐ฑ ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐ ๐๐ผ ๐บ๐ผ๐ฏ๐ถ๐น๐ถ๐๐ฒ ๐ฑ๐ผ๐บ๐ฒ๐๐๐ถ๐ฐ ๐ฟ๐ฒ๐๐ผ๐๐ฟ๐ฐ๐ฒ๐ for climate-positive growth
The summit’s final communiquรฉ reinforces these commitments:
For those interested in our work on Financing for Development, we’ve published several resources exploring FfD4 priorities across different regions and strategies for strengthening sustainable development finance.
โข https://bit.ly/41cvuJ6 | https://bit.ly/40YWVpv | https://bit.ly/3E21Flj | https://bit.ly/3PF8JXN
