Development Banks commit to fostering sustainable development

06/19/2012
• IDFC, a club that unites 19 institutions from around the world, released a document after a meeting at the BNDES’ headquarters At a meeting held on June 19 at the headquarters of the BNDES, executives from development banks and funding agencies that comprise the International Development Finance Club (IDFC) issued a statement containing the club’s principles for fostering sustainable development. In the document, members of the group, which includes 19 institutions from all continents, committed to collaborating with knowledge, resources and tools to facilitate and accelerate the transition process to a more sustainable, social and ecological economy. Among the commitments made to help economic agents adopt new levels in their environmental practices, there is support for sustainable investments in the infrastructure area and the development of new financial instruments based on sustainability and innovation. The full document can be accessed in Portuguese (http://migre.me/9yNcM) and English (http://migre.me/9yNdD). “Development banks are a very powerful tool for inclusive and sustainable development,” said the BNDES’ president, Luciano Coutinho. He also recalled the importance of the “stabilizing role” of such institutions in times of crisis like the present. The President of IDFC and German development bank KfW, Ulrich Schroeder, highlighted the experience of members of the club in “combining public and private funds in financing development”. Renewable energy, public transport, water and sanitation are among the sectors of infrastructure to be strengthened. The IDFC’s other commitment is to help reduce incentives to non-sustainable production. In the afternoon, the executives of the IDFC attended the international seminar on Financing the Green Economy and the Sustainable Development, held at the BNDES’ headquarters.The conference, which marked the 60th anniversary of the Bank, allowed the exchange of experiences on sustainability on the eve of the meeting of Heads of State at Rio+20.
@bndes

Development Banks commit to fostering sustainable development

06/19/2012

• IDFC, a club that unites 19 institutions from around the world, released a document after a meeting at the BNDES’ headquarters 

At a meeting held on June 19 at the headquarters of the BNDES, executives from development banks and funding agencies that comprise the International Development Finance Club (IDFC) issued a statement containing the club’s principles for fostering sustainable development. 

In the document, members of the group, which includes 19 institutions from all continents, committed to collaborating with knowledge, resources and tools to facilitate and accelerate the transition process to a more sustainable, social and ecological economy. 

Among the commitments made to help economic agents adopt new levels in their environmental practices, there is support for sustainable investments in the infrastructure area and the development of new financial instruments based on sustainability and innovation. The full document can be accessed in Portuguese (http://migre.me/9yNcM) and English (http://migre.me/9yNdD). 

“Development banks are a very powerful tool for inclusive and sustainable development,” said the BNDES’ president, Luciano Coutinho. He also recalled the importance of the “stabilizing role” of such institutions in times of crisis like the present. 

The President of IDFC and German development bank KfW, Ulrich Schroeder, highlighted the experience of members of the club in “combining public and private funds in financing development”. 

Renewable energy, public transport, water and sanitation are among the sectors of infrastructure to be strengthened. The IDFC’s other commitment is to help reduce incentives to non-sustainable production. 

In the afternoon, the executives of the IDFC attended the international seminar on Financing the Green Economy and the Sustainable Development, held at the BNDES’ headquarters.

The conference, which marked the 60th anniversary of the Bank, allowed the exchange of experiences on sustainability on the eve of the meeting of Heads of State at Rio+20.

@bndes

According to the World Bank, Madagascar has seen a 10 percent increase in temperature and a 10 percent decrease in rainfall in the past 50 years, with a devastating impact on the farming and fishing communities. Years of drought in the south of the country have left people there facing chronic hunger and high rates of malnutrition. In this film, we look at the charcoal industry in the south, and discover how the prolonged drought has driven farmers - whose barren fields can no longer support them - into the forests in search of a livelihood. In a country that relies almost exclusively on charcoal as a cooking fuel, wood is one of the few resources left for them to exploit.

World Economic Forum on Africa Poised for Take Off

28 April 2011 Richard Elliott, Communications, Tel.: +41 (0)22 869 1292, richard.elliott@weforum.org

  • Prominent African and global leaders to take part in the 21st World Economic Forum on Africa in Cape Town, South Africa, next week
  • South Africa’s President Jacob G. Zuma to host the meeting, which will feature more than 900 participants from over 60 countries – a record for the World Economic Forum on Africa 
  • For more on the meeting, visit: http://www.weforum.org/africa2011 

Geneva, Switzerland – The World Economic Forum announced today at a virtual press conference that more than 900 participants from 60 countries will participate in the 21st World Economic Forum on Africa in Cape Town, South Africa, from 4 to 6 May 2011. Jacob G. Zuma, President of South Africa, will host the meeting, where participants will gather to deliberate under the theme From Vision to Action, Africa’s Next Chapter.

“Africa is poised for take off,” said Katherine Tweedie, Director, Head of Africa, World Economic Forum. “Sub-Saharan Africa is already one of the top performing regions in the world. The region came through the economic crisis with resilience and the international community is interested in its growth opportunities. The World Economic Forum on Africa will be an opportunity for key leaders from the region and beyond to discuss how this growing confidence in Africa’s potential can be translated into action and results.”

The World Economic Forum on Africa offers an opportunity for business, government and civil society to explore opportunities and risks facing the continent at this important juncture. The meeting has three thematic pillars:Shaping Africa’s Role in the New RealityFostering Africa’s New Champions of Growth; and Building Partnerships for Inclusive Development.

The launch of The Africa Competitiveness Report on the morning of 4 May ahead of the official opening of the meeting will provide valuable insight for the discussions.

The meeting will begin with a highly interactive brainstorming session designed to engage the Forum’s Africa community and kick-start the debate. A collaborative exercise will examine the region’s position in the new reality and identify opportunities to unleash, accelerate and sustain its transition to inclusive, investment-driven growth.

Heads of state/government from Africa who have confirmed their participation include Faure Gnassingbé, President of Togo; Armando Emilio Guebuza, President of Mozambique; Jakaya M. Kikwete, President of Tanzania; Raila Amolo Odinga, Prime Minister of Kenya; Ali Bongo Ondimba, President of Gabon; Morgan Tsvangirai, Prime Minister of Zimbabwe; and Jacob G. Zuma, President of South Africa.

Other top regional and international leaders who will participate include Kofi Annan, Secretary-General, United Nations (1997-2006); Hailemariam Desalegn, Deputy Prime Minister and Minister of Foreign Affairs of Ethiopia;Obiageli Katryn Ezekwesili, Vice-President, Africa Region, World Bank, Washington DC; Donald Kaberuka, President of African Development Bank (ADB), Tunis; Sanusi Lamido Sanusi, Governor of the Central Bank of Nigeria; and Anand Sharma, Minister of Commerce and Industry of India.

The Co-Chairs of the meeting who will help shape the agenda are:

  • Peter Brabeck-Letmathe, Chairman of the Board, Nestlé, Switzerland; Member of the Foundation Board of the World Economic Forum; Global Agenda Council on Water Security
  • Timothy Flynn, Chairman, KPMG International, USA
  • P. Mpho Makwana, Chairman, Eskom Holdings, South Africa
  • Linah K. Mohohlo, Governor of the Bank of Botswana; Regional Agenda Council on Africa
  • Rajiv J. Shah, Administrator, USAID - US Government Agency for International Development, USA; Young Global Leader
  • Jubril Adewale Tinubu, Group Chief Executive, Oando, Nigeria; Young Global Leader

Notes to Editors

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