The consequences of the COVID-19 outbreak have reminded us about our fragile relationship with nature. Climate change remains our biggest threat in the long-term. The recovery from the COVID-19 pandemic should focus minds and reinforce our joint commitment to a global green transition. The scale of the challenge requires a unity of purpose among all nations. This is why international cooperation is more necessary than ever!
The International Platform on Sustainable Finance (IPSF) is at the heart of this global response. Since its launch last year, membership of the Platform has grown to 14 jurisdictions representing all together around 50% of the population, 50% of the CO2 emissions and 50% of the world’s GDP. As an open forum of exchange, the Platform works alongside other international fora to help its members to mobilise private finance in the effort to save the planet and deliver sustainable economic development for the future.
On 16 October 2020, the IMF and the EU co-hosted a high-level event to mark the 1-year anniversary of the International Platform on Sustainable Finance on the side-lines of the IMF’s annual meetings 2020.
The event marked a key milestone: the publication of the first annual report of the IPSF.
Kristalina Georgieva, Managing Director of the IMF, Valdis Dombrovskis, Executive Vice President of the European Commission, Yi Gang, Governor of the People’s Bank of China, together with other eminent Ministers and high level representatives of the IPSF debated on how sustainable finance can contribute to ‘build back better‘ in a post COVID-19 context and why it is critical to coordinate sustainable finance internationally to scale up green investments for the most important transition of our times.
IPSF annual report
Useful documents and links
- Press release
- Statement of the IPSF
- Factsheet: International Platform on Sustainable Finance
- More information on the IPSF