13 April 2021
Ulrich Volz, the Director of the Centre for Sustainable Finance and Reader in Economics, delivered a presentation on Inclusive Green Finance at the 13th Annual G-24/AFI Policymaker’s Roundtable at the virtual 2021 Spring Meetings of the International Monetary Fund and the World Bank Group. The theme of the meeting, which was attended by over 30 central bank governors, deputy governors, and ministers, was “Inclusive Green Finance: A Pathway to Sustainable COVID-19 Recovery”.
Ulrich’s presentation was based on report on ‘Inclusive Green Finance: From Concept to Practice’ that was recently published by the SOAS Centre for Sustainable Finance and the Alliance for Financial Inclusion (AFI). The report examines the nexus between financial inclusion and green finance and develops a conceptual framework that identifies the overlap between these two fields. The report further highlights the importance of equity concerns and shows how inclusive green finance can be a key instrument of supporting a just transition to an environmentally sustainable economy. The report was launched on 3 December at high level conference hosted by Banco de Moçambique, the central bank of Mozambique.
The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) coordinates the position of developing countries on monetary and development issues in the deliberations and decisions of the Bretton Woods Institutions. In particular, the G-24 focuses on issues on the agendas of the International Monetary and Financial Committee and the Development Committee as well as in other relevant international fora.
The Alliance for Financial Inclusion (AFI) is the world’s leading organisation on financial inclusion policy and regulation with a membership of roughly 100 central banks, ministries of finance and other financial regulators from 90 developing and emerging countries. AFI is a policy leadership alliance owned and led by member central banks and financial regulatory institutions with the common objective of advancing financial inclusion at the country, regional and international levels. AFI partners with regulators, international organisations and private sector leaders to drive practical solutions and facilitate the implementation of impactful policy changes through its cooperative model that embeds peer learning, knowledge exchange and peer transformation.
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