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Financial Inclusion and Climate Change Policy Peer Learning Initiative (FICC)

As of: August 2019

Objective and activities

The Financial Inclusion and Climate Change (FICC) project will provide a global platform for central banks, financial regulators, ministries of finance and other financial inclusion stakeholders to understand the link between financial inclusion and climate change, and learn innovative, proven policy strategies that can help mitigate, and adapt to the adverse impact of climate change. The project will offer peer learning, capacity building, public-private dialogue, institutional diagnostics and other support services for members of the Alliance for Financial Inclusion (AFI) to articulate and implement national policy objectives on financial inclusion and climate change. It is expected that 15 countries will define national policy objectives, and that 5 countries will develop and implement new policy interventions. Over 200 policymakers will benefit from customized training. Lessons from the project will be shared with the AFI network and benefit financial regulators and policy makers.

State of implementation/results

AFI is currently finalizing its first draft of the “Inclusive Green Finance Policy - State of Practice Report”, which is based on the experiences of 19 AFI members . The paper will be published in Mai 2019. The core of the publication is a policy framework (Provision, Promotion, Protection and Prevention) that classifies financial sector policies into mitigation efforts and/or build their resilience to adverse climate change impacts. The report will form the knowledge base for subsequent peer learning activities.

  • AFI published a call for proposals for Inclusive Green Finance Policy Grants on March 1, 2019. The grants aim to identify new innovative policy approaches and support their implementation. Grants will help to develop and test innovative policy approaches, facilitate learning exchanges on policies that have been successfully implemented elsewhere, and provide support from policy experts to advance in-country policy development and implementation.
  • For detailed Infos, please click here: www.afi-global.org/inclusive-green-finance

Further Links:

Project data

Implementing organisation:
Alliance for Financial Inclusion (AFI)

Partner institution(s):
  • African Development Bank, Asian Development Bank, 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:
€ 2,996,636

Duration:
06/2018 till 01/2021

Website(s):

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