Over the past decades, a “quiet revolution” has taken place as financial institutions and stakeholders, aided by the international community and other partners, have structured an ecosystem for sustainable finance. These efforts, however, remain incomplete. Today, only a fraction of financial capital and flows can be considered as climate and SDGs-compatible, and pressure for transformation is mounting.  

In this context, World Resources Institute (WRI), with support from AFD and the Finance in Common movement, in partnership with other stakeholders, has initiated a political economy analysis of the main opportunities or barriers of the transformation of local financial systems in the Amazon Basin. The starting point is a collaborative analysis of the potential role of Public Development Banks (PDBs) on their journey to scale up the quantity, quality and impact of the green finance they provide, and green the financial systems within which they operate. 

The event will present and discuss the approach and initial findings of this concrete, field-based, financial system transformation analysis, and its implications for the different stakeholders: PDB community, including local PDBs, national authorities (regulators, ministries, policy makers), private financial institutions, investors, asset owners and managers, credit rating agencies, relevant research institutes, universities, CSOs, as well as other groups or coalitions. The discussion will cover how this type of analysis can be used for the collective elaboration of engagement plans to implement the required changes within the local financial system, ensuring ownership and buy-in. The potential to expand the approach interested stakeholders, countries or regions, including beyond Latin America will also be explored.

View the pavilion agenda and watch the livestream.


Image by César Badilla Miranda/Unsplash