Finance in Common Summit: Side event "Maximizing PDBs' Climate Impact through Financial Intermediation?"

 Florian Léon will participate in the panel, drawing on his study "Blended Binds: How DFIs’ Support Programs Stifle Bank Lending in Africa", published in July 2024.

He will analyze how blended finance mechanisms set up by development finance institutions (DFIs) can, paradoxically, hinder bank lending in Africa, and will propose ways to better align these instruments with the banking sector."

↪ FiCS, launched in 2020 at the Paris Peace Forum, aims to strengthen the role of public development banks (PDBs) in the global financial system. This summit promotes collaboration between PDBs and other financial and non-financial actors to leave no one behind and align all financial flows with the Paris Agreement, the Global Biodiversity Framework, and the Sustainable Development Goals (SDGs).

↪ FiCS brings together 530 members worldwide, including multilateral and regional banks, and benefits from the support of international organizations and researchers to guide the role of PDBs as key actors in the SDGs and drivers of change.