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Financial inclusion and climate change policy peer learning initiative (FICC)

As of: January 2022

The members of the Alliance for Financial Inclusion (AFI) view financial inclusion as a key factor for the achievement of SDGs. The AFI provides central banks, financial supervisory authorities, finance ministries and other relevant actors in over 80 developing markets and emerging economies with a global platform for financial inclusion. Together, these parties are working to develop innovative and effective political strategies for combating climate change and adapting to its impacts. The project is also offering peer learning, resource- and expertise-building, public-private dialogue, institutional analysis and other services for AFI members, with the aim of ensuring that they are then in a position to implement relevant national policy goals. More than 200 decision makers will benefit from these professional training programmes. Insights will be shared in the AFI network and therefore also with financial regulatory bodies.

State of implementation/results

  • The inclusive green finance project and AFI workstream are promoted through all AFI online platforms, including through our social media channels, Facebook, Twitter, LinkedIn, Flickr, Instagram and YouTube. In addition, AFI has two special web pages dedicated to the IGF thematic area and the IGF Working Group.
  • Due to the COVID-19 pandemic, AFI IGF communications have remained completely virtual.
  • Produkction of numerous knowledge products including publications, videos, blogs, news and webinars, oriented towards advancing inclusive green finance capacity building and implementation for our members. AFI marked World Environment Day with a week-long online campaign featuring a video, two publications, two blogs by Governors from Banko Sentral ng Pilipinas and the Central Bank of Sao Tome e Principe as well as two sliders featuring the AFI Executive Director as well as policy examples from five AFI member institutions. The campaign reached 37, 142 people and earned 1,765 engagements (likes, clicks, shares, retweets). The blog by the Philippines governor was the overall best performing post.
  • Content included:
    • Blog: Integrating Inclusive Green Finance into São Tomé and Príncipe’s upcoming NFIS
    • Blog: BSP: Building climate-resilience in the financial system
    • Video: Introducing AFI’s 4Ps Framework for Inclusive Green Finance
    • Slider: Insights on IGF by AFI Executive Director
    • Slider: Five AFI members working on IGF
    • Publication: Disaster resilience through financial inclusion
    • Publication: Promoting inclusive green finance initiatives and policies
  • News and events:
    • Intergovernmental Group of Twenty-Four (G24) and AFI held their annual roundtable about inclusive green finance on 13 April. Over 30 leaders urged for the adoption of a holistic approach to green finance and financial inclusion, calling for a post COVID-19 recovery that is both climate-friendly and inclusive of disadvantaged groups: www.afi-global.org/…
    • A webinar organized by InFiNe.lu and AFI focused on links between climate change and environmental degradation, vulnerable groups, social inequity and tensions and financial stability: www.afi-global.org/…
    • A webinar held together with SOAS University of London and as part of the London Climate Action Week discussed the role of inclusive green finance in boosting the resilience of those at the base of the economic pyramid and reduce their vulnerability to global environmental change: www.afi-global.org/…

Further Links

Project data

Country:
worldwide

Implementing organisation:
Alliance for Financial Inclusion (AFI)

Political partner(s):
  • Diverse climate change relevant institutions in the respective partner countries/Diverse klimarelevante Institutionen in den entsprechenden Partnerländern
  • United Nations Environment Programme (UN Environment)

BMU grant:
4.346.068,00 €

Duration:
06/2018  till  12/2023


Website(s):



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