Lyla Latif (PhD)’s Post

📣 With funding support from the Department of Foreign Affairs and Trade (DFAT), Government of Australia, the Pacific Climate Change Centre is seeking a qualified consultancy firm or consortium of experts to ⤵️ 1. Undertake a study on the #Pacific #climatefinance landscape seeking ideas on #innovative climate finance solutions and explore options to establish an innovative climate #investment hub to deliver on the PCCC functions and #partnership frameworks; 2. Prepare three full proposals on project ideas that are aligned to the key functions (Knowledge Brokerage; Applied Research; Capacity Building and Training; and Innovation) of the PCCC, and partnership frameworks. The intention is to use this proposal to drive key priority areas of work of the PCCC towards a programmatic approach and long-term investment. ⏳ Clarification date ➡️ 8 July 2024 ⏳ Due date ➡️ 19 July 2024 🤔 Interested? Follow this link ➡️ https://bit.ly/3VFDHBq

In Day 2 of 2024 African Economic Conference #AEC2024 Joined KEVIN CHIKA URAMA, Chief Economist and Vice-President, African Development Bank Group, Raymond Gilpin, Chief Economist at UNDP Africa, Victor Murinde, Executive Director, African Economic Research Consortium (AERC), and Mavis Owusu-Gyamfi, President and CEO of African Center for Economic Transformation (ACET) to discuss the urgent reforms needed for a just and inclusive global financial system. To support African countries better respond to global shocks: ✅#MDBs must incorporate vulnerability beyond income levels in providing concessional finance, streamline loan application and disbursement, and deploy innovative & derisking instruments to crowd in private sector ✅#IMF’s #SDR and #quota formulas must be reformed so that resources can be directed to countries that really need them ✅ Implement #SDR rechannelling to MDBs and replenish their concessional windows On international tax cooperation: ✅African countries must establish negotiations strategies, build common positions, forge alliances, and strengthen capacities to achieve a successful UN Framework Convention on International #Tax Cooperation On global debt architecture: ✅Overhaul #G20 Common Framework to make it effective, transparent, and time-bound ✅Revamp IMF-World Bank #DSA framework, so it is more solvency focused ✅Diversify sources of funding to reduce cost of borrowing We are at the time with retrenchment of multilateralism, yet the shocks today are far beyond the border of one country. We must work together and advance engagement efforts, for tangible achievements on reform of the global financial architecture. United Nations Economic Commission for Africa United Nations African Union African Union - Economic Development, Trade, Tourism, Industry, Minerals (ETTIM)

The World Bank Investment Climate Unit hosted an engaging seminar on the WTO’s Investment Facilitation for Development (IFD) Agreement, a transformative deal aimed at increasing sustainable investment, especially in emerging markets. Experts from Zambia, the Dominican Republic and the European Commission shared insights on how this global framework can streamline regulations, enhance transparency, and attract FDI. Bank experts led by Mona Haddad, Global Director provided key inputs to the session. The session was made possible by the Competitiveness' for Jobs and Economic Transformation Trust Fund (CJET) supported by #USAID. Key points: ✅ The IFD Agreement is the first agreement negotiated at global level on investment and provides a strong framework for fostering FDI and inclusive growth. ✅ The World Bank is actively supporting countries to conduct self assessments and inform impactful technical assistance. ✅ Multilateral cooperation is needed to unlock the agreement’s potential $1 trillion welfare gains.   Thank you to all the speakers and participants for a productive discussion on driving private investment for sustainable development. Mona Haddad, Global Director, Trade, Investment & Competitiveness Ivan Nimac & Pilar Salgado-Otónel Salgado, Investment Climate Unit; Trade, Investment & Competitiveness ASYA AKHLAQUE, Practice Manager, Investment Climate Natalia Polanco, Director at the Foreign Trade Division of the Ministry of Industry, Commerce and MSMEs, Dominican Republic Albert Halwampa, Director General, Zambia Development Agency Jose Magnaye, Directorate-General for Trade Investment and Intellectual Property, European Commission Alwaleed Fareed Alatabani, WB Practice Manager, FCI, AFE Region Yira Mascaró Mascaro, WB Practice Manager, FCI, LAC Region #InvestmentFacilitation #SustainableDevelopment #WTO #WorldBank #EuropeanCommission #USAID #ZDA #MinisteriodeIndustriaComercioyMipymes #FDI #SDGs

📢 🔔 WEBINAR: Be part of our discussion TODAY on global debt relief initiatives and strategies for meeting the financing needs of developing nations. Find more information and the registration link below 👇. #FfD4 #G20 #DevelopmentFinance International Institute for Sustainable Development

🧐 What is the #ElementsPaper? The Elements Paper guides #FfD4 preparations by proposing commitments, actions and other key elements to be considered for the FfD4 outcome. It builds on more than 250 inputs from Member States, civil society organisations, private sector, international organisations and other stakeholders. 💬 Does the Elements Paper feature #INFFs? Yes! The Paper recognises Integrated National Financing Frameworks (INFFs) as central to the renewed global financing framework and the role they play across action areas focused on public finance, private finance, collaboration with IFIs, innovation and monitoring. Read the Elements Paper here: https://lnkd.in/dFa8YN4q 💬 Want to join the conversation? Join us at the #FfD4 2nd prepcom side event on 4 Dec 2024; 1315-1430 (ET) Details and registration 👉 https://lnkd.in/gtDTKagT -- UNDP, UNDP Sustainable Finance Hub, United Nations Department of Economic and Social Affairs, OECD - OCDE, UNICEF, European Commission, Ministero degli Affari Esteri e della Cooperazione Internazionale, AGENCIA ESPAÑOLA DE COOPERACION INTERNACIONAL PARA EL DESARROLLO - AECID, Sida

📢 The Fair Finance Coalition for Southern Africa (FFCSA) has published its latest round of #policy assessments 🌱 The assessments evaluate the #sustainability policies of eight Public Finance Institutions (PFIs) using the Fair Finance Guide International Methodology. 🔎 Based on Profundo policy assessments, FFCSA's report indicates that while PFIs perform relatively well on certain themes, such as #humanrights and #corruption, their policies remain weak in other areas, like #climatechange, demonstrating a weak commitment to financing a Just Energy Transition. Contributing researcher: Chithira Rajeevan Read the full report here: https://lnkd.in/et_fKV2N #justenergytransition #climatecrisis #pfi #southernafrica #policyassessment #finance

You would expect that Public Finance Institutions (PFIs), such as the African Development Bank and the New Development Bank, would work towards a Just Energy Transition, in Southern Africa and elsewhere. Their shareholders, after all, are the same governments which concluded the Paris Agreement in 2015. But our analysis of their policies, together with the Fair Finance Coalition for Southern Africa, shows that they are still not the addressing climate crisis in a way which helps local communities and workers. If PFIs cannot show leadership on this topic, it is difficult to expect a better performance from the private financial sector. This is particularly worrisome as, during the COP in Baku, the strong suggestion was made that the financial sector would bridge the gap between the USD 300 billion/year developed countries are willing to commit and the several trillions per year needed by the countries which suffer most because of climate change. No time to waste, PFIs should develop plans as soon as possible to make the required investments possible.

While public finance institutions may be making strides on themes like #HumanRights and #Corruption, this report highlights significant gaps in areas such as #ClimateChange, raising concerns about their commitment to financing a #JustEnergyTransition. It’s clear there’s room for improvement as we work toward a more sustainable and equitable future.

#CotedIvoire – On the up The International Monetary Fund (IMF) approved on 15 March a USD 1.3 billion Resilience and Sustainability Facility (RSF). The facility and accompanying policy support will aid the country’s climate change mitigation and adaptation efforts, particularly with respect to the mainstay agriculture sector. The new IMF arrangement coincides with the discovery of new oil deposits and plans to expand existing oil fields. Together these underscore the country’s investment case, which was further reflected by a recent sovereign ratings upgrade by Moody’s Investor Service. The IMF facility, investments into the oil and gas sector, and the upscaling of output will boost economic growth in the short and long term. While there are potential political risks on the horizon associated with the 2025 presidential elections, they are unlikely to significantly impact the country’s economic outlook. Our latest via #TheSignalRoom: https://lnkd.in/dQ6ZEfqk

In developing countries the gap between aspirations and reality is quantified mainly in terms of financial gap. Even in the remote case that carbon credits or CO2eq tones reduction become an accepted currency for international debt payments, the total size of the debt ticket is USD 40 billions per year. The size of the gap: USD 4 trillions per year to achieve SDGs and USD 6 trillion to meet Carbon reduction pledges by 2030. So, -what are we talking about?. The only way is to incorporate the capital value of environmental services as part of the global economy, and then expand the global GDP by three of four times. Off course, this means a new global equilibrium, a new concept of value well beyond that of the exclusive human-work-based value reflected in our current balance sheets, millions of new jobs to restaure, preserve and expand natural capital and the planetary systems, and a new economic order considering f.i. "environental capital per capita".