On November 12, 2020, during the 3rd-annual Paris Peace Forum, the Finance in Common Summit will take place, to stress the role of public development banks in achieving the Sustainable Development Goals (SDGs). At the summit, participants are expected to launch a coalition to support the emergence of a financial response to the COVID-19 crisis that takes into consideration sustainable development and climate change. The aim is to define a global strategy for the 450 public development banks operating at sub-national, national, regional, international, and multilateral levels, whose volume of activity represents about US$2 trillion annually, according to organizers.
The summit is intended to feed into the forthcoming COP26 Conference and the G20 Summit. It will gather the development bank community, heads of state, governments, representatives from the private sector, civil society, think tanks, and academia.
This high-level meeting is an initiative of the World Federation of Development Finance Institutions (WFDFI) and the International Development Finance Club (IDFC), organized under the high patronage of French President, Emmanuel Macron, with the support of UN Secretary-General, António Guterres.