Public Development Banks and their global partners to create innovative green solutions at Finance in Common summit

The Development Bank of Southern Africa (DBSA) has called on other development finance institutions to promote infrastructure solutions that integrate climate resilience and sustainable development in Africa and other developing countries.

To this end, DBSA is organising the Finance in Common Summit (FiCS) in collaboration with the Asian Infrastructure Investment Bank (AIIB). This is reported by Pretoria News, a partner of TV BRICS.

The summit will serve as a platform to promote infrastructure solutions that integrate climate resilience and sustainable development. The meeting aims to address issues related to building resilient infrastructure to combat the devastating effects of climate change.

Public Development Banks and their global partners will gather to come up with innovative solutions that will leave no region untouched, with a particular focus on Africa and developing Asia.

According to DBSA CEO, Boitumelo Mosako, Africa and Asia have already demonstrated the potential for transformational change through targeted initiatives.

For example, the Africa Adaptation Acceleration Programme (AAAP) has leveraged US$25 billion to support projects in water management, agriculture, and renewable energy.

In previous years, FiCS has facilitated projects that have transformed communities, including renewable energy development in Indonesia, sustainable agriculture in Kenya, and flood resilience in Brazil.

The Finance in Common Summit (FiCS) will take place in Cape Town from 26-28 February 2025.