{"id":10807,"date":"2024-09-23T17:16:31","date_gmt":"2024-09-23T17:16:31","guid":{"rendered":"https:\/\/adfi-ci.org\/?p=10807"},"modified":"2024-09-23T17:16:33","modified_gmt":"2024-09-23T17:16:33","slug":"dbsa-aiib-to-co-host-5th-finance-in-common-summit-in-south-africa","status":"publish","type":"post","link":"https:\/\/adfi-ci.org\/fr\/dbsa-aiib-to-co-host-5th-finance-in-common-summit-in-south-africa\/","title":{"rendered":"DBSA, AIIB to co-host 5th Finance in Common Summit in South Africa"},"content":{"rendered":"

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Midrand, 19 September 2024<\/strong>\u00a0–\u00a0The fifth Finance in Common (FiCS) annual summit will take place on Feb. 26-28, 2025, co-hosted by the Development Bank of Southern Africa (DBSA) and the Asian Infrastructure Investment Bank (AIIB) in Cape Town, Republic of South Africa, with the support of AFD (Agence Fran\u00e7aise de D\u00e9veloppement).<\/p>\n\n\n\n

Aligning with South Africa\u2019s upcoming role as Chair of the G20 in 2025 and with the overarching theme of \u201cFostering Infrastructure and Finance for Just and Sustainable Growth<\/strong>\u201d the Summit will focus on key development issues such as infrastructure for climate action, adaptation and resilience, inclusive finance and digital transformation. The event will be a Summit of Solutions <\/em>where public development banks (PDBs) and their stakeholders deliver concrete and impactful responses on the path to making sustainability the new normal of finance.<\/p>\n\n\n\n

The FiCS, a global initiative launched in 2020 by the World Federation of Development Finance Institutions (WFDFI), the International Development Finance Club (IDFC) and Multilateral Development Banks (MDBs) to mobilize all PDBs with their stakeholders, serves as a platform for political impetus, rallying all PDBs and their stakeholders together. The Summit provides a valuable opportunity for financial announcements, commitments and the delivery of key outcomes. After Paris (2020), Rome (2021), Abidjan (2022) and Cartagena (2023), the Finance in Common Coalition looks forward to holding its next Summit in 2025 in Cape Town.<\/p>\n\n\n\n

\u201cIn a year in which South Africa will hold the presidency of the G20, this event underscores the DBSA\u2019s commitment to driving inclusive economic growth and sustainable development in developing nations.\u201d <\/em>said Boitumelo Mosako, CEO of the DBSA.<\/p>\n\n\n\n

\u201cWe are honored to co-host FiCS with DBSA.\u201d <\/em>said Jin Liqun, President and Chair of the Board of Directors of AIIB. \u201cThe collaboration between AIIB and DBSA signals a strengthened <\/em>partnership between Asia and Africa, aiming to bolster infrastructure investment and sustainable development across both regions and beyond.\u201d<\/em><\/p>\n\n\n\n

\u201cWe thank DBSA for co-hosting the next edition of FiCS with AIIB and we look forward to welcoming our community in South Africa.\u201d <\/em>added R\u00e9my Rioux, Chairman of Finance in Common and CEO of AFD. \u201cThe year 2025 marks a significant milestone, coming a decade after the Addis Ababa conference, the SDGs 2030 Agenda and the Paris Agreement on climate. We urgently need to unlock the full collective potential of PDBs, quantity and quality wise, and set a new, efficient and at-scale global financial architecture.\u201d<\/em><\/p>\n\n\n\n

Source: DBSA<\/a><\/p>\n<\/div>\n\n\n\n

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