Finance In Common 2023

4-6 sept 2023 in Cartagena

For the fourth consecutive year, all Public Development Banks (PDBs) convened to strengthen their partnership and reinforce their commitments in support of common actions for climate change and sustainable development. This year's edition was co-hosted by the Inter-American Development Bank, CAF, Bancoldex and the Latin American Association of Development Financing Institutions (ALIDE).

The discussions focused around four key topics: SMEs and Financial Inclusion, Climate and Biodiversity, Sustainable Infrastructures, and PDBs' institutional agenda, with social mainstreaming and development impact, private capital mobilization towards SDG goals, collaboration with civil society and incorporation of human rights in strategies and programs as cross-cutting thematics alongside the Latin America and Caribbean perspective

click here to read the final communiqué

Key takeaways of 2023

The Summit gathered more than 1100 delegates from around the globe and more than 1500 online participants, representing the diversity of FiCS stakeholders – public development banks, international organizations, regional networks, civil society organizations, academics and think tanks, philanthropies and private sector actors, ministries and government agencies – who discussed over the course of three days how to build new alliances for the future of development finance.

Watch the final announcement by Adama Mariko

The Summit highlighted the key role of all these actors in enhancing financial inclusion and small and medium enterprises as well as the financing of sustainable infrastructure, whilst creating the enabling environment and developing the adequate capacity and financing tools to support the fight against climate change and the protection of biodiversity, including through adaptation and nature-based solutions.

It also discussed how to best equip public development banks to deliver on their objectives and ambitions in terms of mandates, resources and instruments.

Watch the final announcement by Adama Mariko