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G20 Trade Finance Cooperation Conference Scheduled In Mumbai On March 28th, 2023

The 1st Trade and Investment Working Group (TIWG) meeting under India’s G20 Presidency is scheduled in Mumbai, from March 28 − 30, 2023. During the three-day meeting, over 100 delegates from G20 member countries, invitee countries, regional groupings ....

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AfDB Justifies Priority For Climate Finance In Africa

(AFRICAN EXAMINER) - African Development Bank (AfDB) has expressed its justification for prioritizing climate financing in its development intervention programmes in Africa. The Bank said the premium it places on climate finance, strengthened its commitment to double its climate finance from $12.5 billion in the 2016-2020 period to $25 billion between 2020-2025 and to allocate ....

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Rethink development climate finance to get to net zero, African Development Bank DG says at OPEC Fund Development Forum

Rethink development climate finance to get to net zero, African Development Bank DG says at OPEC Fund Development Forum
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European export finance alliance pushes for green incentives | Global Trade Review (GTR)

Seven European countries have pledged to promote reforms and encourage green incentives in the export credit sector, but dashed campaigners’ hopes that they would axe public finance for fossil fuels more quickly than the end of 2022 deadline set at the Cop26 conference. The Export Finance for Future (E3F) coalition, initially comprising Denmark, France, Germany, . ....

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How export credit agencies can catch up on climate action | Global Trade Review (GTR)

Export credit agencies (ECAs) are lagging private financial institutions in setting targets for reaching net zero greenhouse gas emissions and are missing opportunities as the energy transition gets underway.
That’s the argument of a University of Oxford paper published last week by a group of five researchers, including experts in trade, law and economics.
Former Bank of England governor Mark Carney says in the paper’s foreword that ECAs “are increasingly conspicuous by their absence” in efforts by financial institutions to back a transition away from fossil fuels. Seven European countries announced in April they
intend to wind down finance to fossil fuels and boost sustainable financing, but stopped short of setting emissions reduction targets. ....

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