The Institute of International Finance today released the following statement from IIF President and CEO Tim Adams after reports that former Federal Reserve Chairwoman Janet Yellen has been chosen as President-elect Biden’s Treasury Secretary nominee.

Today the Taskforce on Scaling Voluntary Carbon Markets published a public Consultation Document, providing an opportunity for stakeholders across the carbon markets value-chain to submit input on the Taskforce’s recommended blueprint to build a fully functional voluntary carbon market.

Against the backdrop of the unprecedented impact of the COVID-19 pandemic on global debt markets, capital flows and debt sustainability—particularly for vulnerable low-income countries—the members of the Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring met virtually this week for their annual review of progress on the implementation of the Principles within the framework of the international financial architecture. Following the meeting, co-Chairs François Villeroy de Galhau, Governor, Banque de France; Dr. Axel Weber, Chairman of the Board of Directors, UBS Group AG; and Dr. Yi Gang, Governor, People's Bank of China issued the following statement.

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.