CAF Participates in the 8th Annual IDFC Meeting

Every year, the world’s top development banks gather at the International Development Finance Club (IDFC) meeting, aiming to analyze the association’s main medium-term goals and challenges. On this occasion, this meeting convened not only the main regional and sub-regional Club members, but also included the World Federation of Development Financing Institutions (WFDFI), as well as several representatives of the United Nations Secretariat, among others.

 With a delegation led by CAF Finance Vice President Gabriel Felpeto and CAF representative at IDFC Gloria Gamero Sherpa, our institution actively participated in the event, which presented five areas of action that the IDFC hopes to develop in accordance to the Paris Agreements on climate change, as well as the UN Sustainable Development Goals (SDGs). Additionally, one of the event’s sessions confirmed the re-election of France’s AFD CEO Remy Rioux as president of the IDFC.

The Club’s principal medium-term goal is to focus its efforts on strengthening the IDFC’s role as promoter of funding of the UN Sustainable Development Goals through the global implementation of Sustainable Development Investments (SDIs).  Secondly, the association seeks to bring all development financial institutions together to help foster an environment that unleashes the full potential of development banks. Its third goal is to promote and deepen cooperation among Club members.  Fourthly, the IDFC aims to attract and develop new external alliances, such as C40 for sustainable cities, InsuResilience, and the Green Climate Fund (GCF), among others. Lastly, the club aims to further re-structure the organization to foster its long-term positioning.