Finance‌ in Commons Summit 2025: Fostering ‌Infrastructure and Finance‌ for Sustainable Growth

The fifth ‍annual Finance in Commons (FiCS) summit is scheduled to take place on February 26-28, 2025, in Cape Town, South Africa. The event will be jointly hosted by the Development Bank of South ‌Africa (DBSA) and the Asian ​Infrastructure‍ Investment Bank (AIIB), with⁤ the support of AFD (Agence Française ⁤de Développement).

Aligning with South‌ Africa’s G20 Chairmanship

The Summit’s theme, “Fostering‍ Infrastructure⁤ and Finance⁢ for Just and Sustainable Growth,” aligns with South Africa’s upcoming role as Chair of the ‍G20 in 2025. The event will focus on key development ‌issues, including ‌infrastructure⁤ for climate action,⁣ adaptation, and resilience, as well as inclusive finance and digital transformation.

A Solutions Summit for ‍Public‌ Development Banks

The FiCS is a​ global initiative launched in 2020 by the World Federation of Development Finance‍ Institutions (WFDFI), the International Development Finance ‍Club (IDFC), ‌and Multilateral Development Banks (MDBs). The Summit provides a platform for public development banks (PDBs) and their stakeholders to present robust and effective responses‌ to ⁤making sustainability the new normal‌ in finance.

Driving Inclusive Economic Growth ‍and Sustainable Development

“In a ⁢year when ‍South⁤ Africa⁣ presides over the G20, this event underlines the DBSA’s commitment to driving inclusive economic growth and ​sustainable development in developing countries,” ​said Boitumelo Mosako, CEO of the DBSA.

A Stronger Partnership between Asia ‌and Africa

“We are honored to co-host FiCS with DBSA,” said Jin Liqun, President and Chairman of the Board of Directors ​of AIIB. “The collaboration between AIIB and DBSA is a sign of ⁣a stronger partnership between Asia and Africa, with⁤ the aim of promoting investment in infrastructure and sustainable development across the two regions and beyond.”

<h2.Unlocking the Collective⁤ Potential of PDBs

“We ‌thank DBSA for co-hosting the next ⁤edition of FiCS with AIIB and look forward to welcoming our community in⁤ South Africa,” added Rémy Rioux, Chairman⁣ of ​General Finance⁤ and ‌CEO of AFD. ⁣”The year 2025 is a significant milestone, coming a decade after ​the⁣ Addis Ababa conference, the 2030 SDGs Agenda, and the‍ Paris Climate Agreement. We urgently need to unlock the full collective potential of PDBs, both in terms of⁢ quantity and quality, and install a⁢ new, ⁤efficient, and large-scale global financial architecture.”