The United Nations Economic Commission for Africa (ECA) and the Institute of International Finance (IIF) released the following statement after a virtual meeting of delegates representing African finance and development ministries, and the private creditor community to discuss the role of the private sector in supporting low-income countries through the COVID-19 crisis, and driving post-pandemic development.

“The findings of today’s reports once again emphasize the need to pursue intelligence-led changes for financial crime risk management - driven by meaningful improvements to public-private sector cooperation and cross-border information sharing, coupled with the use of technology - to enhance the global anti-financial crime framework.”

Today, a private sector-led taskforce was launched to begin scaling Voluntary Carbon Markets, which need to be grown and consolidated to help meet the goals agreed in the Paris Climate Agreement.

A new survey by Morgan Stanley Investment Management and the Institute of International Finance (IIF) finds that there is growing interest in ESG assets amongst reserves managers.

Today, the Institute of International Finance (IIF) has published new Terms of Reference to facilitate effective, voluntary private sector participation in the G20/Paris Club Debt Service Suspension Initiative (DSSI).

The United Nations Economic Commission for Africa (ECA) and the Institute of International Finance (IIF) released the following statement after an extraordinary virtual meeting of delegates representing 15 African finance and development ministries, one African Union Special Envoy, and the private creditor community to discuss potential private sector involvement in the G20 Debt Service Suspension Initiative (DSSI).

Delegates representing official and private creditors released the following joint statement after an extraordinary virtual meeting of the Paris Club and the Institute of International Finance (IIF) to discuss the Debt Service Suspension Initiative (DSSI) agreed by the G20 and the Paris Club.

"I am deeply saddened by the passing of Treasury Secretary Paul O’Neill. I had the honor of working closely with him for close to two years, including during the 9/11 terrorist attacks and challenging economic conditions, both of which tested our country not unlike today."

Institute of International Finance (IIF) issued the following statement from Tim Adams, President and CEO of the IIF, following the conclusion of the G20 Finance Ministers and Central Bank Governors Virtual Meeting.

The COVID-19 pandemic presents a tremendous challenge to policymakers around the world. The Institute of International Finance (IIF), which represents more than 450 financial firms across 70 countries, stands ready with the industry to continue supporting the overall economy and affected communities. To that end, we applaud the large scale, creative, and broad-based responses that policymakers have taken thus far in the face of this unprecedented health crisis.