Country Deep Dives: Partnerships for Financing Sustainable Development in a Post COVID-19 Future
10th June 2020 5:00pm Singapore Time
- Joanne Manda of UNDP shared that financial instruments for a green recovery have a critical role to play as governments seek to meet SDG targets and contain the climate risks simultaneously, while Lesley Jeanne Cordero of the World Bank pointed to the importance of developing and implementing a disaster risk financing and insurance strategy involving climate financing.
- Mohammad Dalel of PTSMI shared examples of collaborations in Indonesia with over 30 partners from multilaterals to DFIs and philanthropies, working towards SDG goals. MOUs worth USD 3 billion have been signed to mobilize programs and are supported by concessional and commercial loans, grants and equity investments.
- Vaishali Sinha of ReNew Power shared that green financing has not been able to keep pace with the growing renewable energy sector in terms of policies and pointed to the need for more standardization of guidelines and processes for green bonds if corporates are to widely adopt the practice.