Banking on the Transition: Transforming Financial Systems for Green Economies and the Case for Green Lending

This event will be co-hosted by the Swedish International Developed Cooperation Agency (Sida), the French Development Agency (AFD) and the Global Green Growth Institute (GGGI) in partnership with the Bank of Papua New Guinea (BPNG) and the Fiji Development Bank (FDB). The event will bring together officials, development partners, and experts to examine how a structured approach to the financing value chain and crowding in the banking sector can support enhanced project pipelines, strengthened direct access and increased access to public and private green capital at the country and regional level, tapping into both international and domestic financing streams. The session will showcase two ongoing programs in the Pacific and Africa which support the transformation of the financial sector to enhance scaled access to green and climate finance through increased green lending. First, the AFD funded Greening of the Pacific Financial System (GPFS) programme of GGGI in the Pacific, and second, the Sida funded Leveraging Investments and Finance for a Green Transition (LIFT) programme of GGGI in Africa, and what they look like in operation, how they connect, and what they deliver in partner countries. The session will include the sharing of real practical country experiences by BPNG in PNG and FDB in Fiji followed by open grounded discussions on lessons learned and how these models can be redesigned and replicated across SIDS.