FICS 2025 (continued)
As part of my participation in the 5th edition of the Finance in Common Summit (FICS 2025), whose proceedings were launched on 26 February 2025 in Cape Town, South Africa, I took part in the meeting to assess global and regional networking activities relating to climate finance. This Summit, which was organised by the Global Alliance of Local Government Banks, coordinated by the Global Fund for Cities Development (FMDV), allowed member institutions of the Global Alliance of Local Government Banks in Asia and Africa to present, each in their respective areas, their achievements in 2024 alongside the prospects for 2025.
In my capacity as President of the African Alliance of Local Government Banks, I pointed out the advocacy efforts conducted by FEICOM within the framework of RIAFCO, aimed at gaining recognition by the international community of local government financing institutions as important stakeholders in the transfer of resources necessary for the implementation of the Climate Agenda.
I also presented the priority projects of FEICOM, which celebrated its Golden Jubilee Anniversary last December, in supporting climate-responsive programmes and projects.
Early in the afternoon, I participated as a panellist in the thematic session organised by the Development Bank of South Africa (DBSA) in partnership with the World Bank, which focused on partnership as a means of bridging the climate financing gap in urban areas.
This exchange meeting offered the opportunity to public development banks, sub-national institutions supporting urban resilience initiatives, local authorities and their associations, and governments to reflect on synergies that can be developed to enable cities to address the numerous climate challenges they face.
On this occasion, I presented FEICOM’s climate finance activities, emphasising the accreditation process to the Climate Change Adaptation Fund and the opening of a climate funding window to finance council and regional projects addressing climate challenges.
Finally, in terms of recommendations, I proposed the establishment of a multi-level coordination, which will position local banks as key partners in the reform of the national and global financial architecture.