FSD Africa Official Side Events at the
4th International Conference on Financing for Development
in Seville Spain
OVERVIEW
As we gather in Seville Spain for the 4th International Conference on Financing for Development, to rally together to accelerate financing for SDGs, Africa’s financing needs in particular comes into sharp focus. The continent’s financing needs are particularly stark. Africa needs about $190bn per annum for climate and yet is only attracting $44 billion. Adaptation financing is a particular concern - in Africa, finance for adaptation is less than a third of the total and is not increasing to any material extent, despite global attention being paid to the need to invest in adaptation, especially in Africa. With public funds in short supply as a result of cuts to international aid programmes and domestic government finances constrained by the cost of servicing high levels of debt, the role of private capital will be crucially important.
At the same time, African institutional investors control over $2.4 trillion in assets (expected to grow to at least $6.4 trillion by 2040). This capital is conservatively invested, with little allocation to alternatives, infrastructure and climate-aligned investments. Mobilising this private capital, which is mainly in local currency, could make a major contribution to filling Africa's development financing gap. FSD Africa will lead the following illustrious panel discussions as we jointly chart the way forward on how domestic private capital can play a bigger role in the real economy, how we can spur adaptation finance to enhance resilience in Africa, as well as explore optimal private investment mobilisation for Africa. Please RSVP your participation on the links provided.
SIDE EVENTS
Date
Time
Session
Venue
June
30
Monday
12:30pm – 2:00pm
Boosting domestic private capital -What the development community can usefully do to strengthen financial markets in Africa to accelerate investment and growth. Download Concept Note
FIBES Sevilla Exhibition and Conference Centre (Side Event 20)
Optimal private investment mobilisation for Africa: Best solutions and action plan to scale private investment mobilisation to achieve objectives of the FfD4 outcome document.
FIBES Sevilla Exhibition and Conference Centre (Side Event 21)