We were pleased to partner with the IMF for our ESG webinar on Monday, October 2 from 9:00 am - 10:00 am EDT. This webinar launched the new IMF Global Financial Stability Report's Analytical Chapter: Financial Sector Policies to Unlock Private Climate Finance in Emerging Market and Developing Economies. Emerging Markets and Developing Economies (EMDEs) require about $2 trillion in climate mitigation investment annually by 2030. IMF’s latest estimates suggest that the private sector needs to cover the majority of these investment needs—between 80 and 90 percent, depending on whether China is included or not—as public investment growth is projected to be limited. To attract the necessary private capital for climate finance in EMDEs, a broad mix of policies is needed. Financial sector policies are an important part of this mix, but they need to refocus on creating climate impact and consider EMDE-specific circumstances. Transition taxonomies in EMDEs, more transparent investment fund labels, and climate-impact-oriented alternatives to ESG scores could help better align financial flows with climate objectives. Blended finance structures could improve the risk–reward profile of investment opportunities and broaden the range of private sector investors. The IMF Resilience and Sustainability Facility can help create an enabling investment environment and attract private capital by supporting reforms, particularly in low-income countries. Introduction + Clay Lowery, Executive Vice President, IIF Presentation
+ Torsten Ehlers, Senior Financial Sector Expert, Monetary and Capital Markets Department, IMF
+ Charlotte Gardes-Landolfini, Financial Sector Expert, Monetary and Capital Markets Department, IMF Panel Discussion
+ Jay Collins, Vice Chairman, Banking, Capital Markets and Advisory, Citi
+ Sonja Gibbs, Managing Director and Head of Sustainable Finance, IIF (Moderator)
+ Fabio Natalucci, Deputy Director, Monetary and Capital Markets Department, IMF If you have any questions, please contact [email protected]. |