Agreements with China Development Bank and Asian Infrastructure Investment Bank aim at financing infrastructure and industry in Brazil Key Impact Points: Strategic Partnership The Brazilian Development Bank (BNDES) has joined forces with Asian banks to secure BRL 9.1 billion (USD 1.7 Billion) for sustainable investments. This collaboration underscores a growing
Antigua and Barbuda – In a historic development at the 4th International Conference on Small Island States (SIDS4), the initiative for the Development Bank for Resilient Prosperity (DBRP) has emerged as a beacon of hope for Small Island Developing States (SIDS). Spearheaded by Dr. Hyginus “Gene” Leon, international SIDS advocate who
Dr. Hyginus ‘Gene’ Leon, who is spearheading the creation of the Development Bank for Resilient Prosperity (DBRP), brings a wealth of experience and a visionary outlook to the new Development Bank . With over 30 years in economic development, including a notable tenure as the President of the Caribbean Development Bank (CDB), and the International Monetary Fund (IMF) Dr. Leon is leading the stakeholder group who is helping support and launch the DBRP in addressing the critical transition finance needs of Small Island Developing States (SIDS).
“We need change, and the DBRP will be designed to address the structural challenges that SIDS uniquely face, while complementing existing institutions with innovative financial mechanisms such as leveraging Nature Based Assets as Real World Assets (RWAs) that leverage the inherent resource value of island nations.” Dr Leon was quoted, marking a leadership style focused on innovation. He has laid out a strategic vision aimed at re-imagining sustainability, re-balancing systemic integrity, and changing the narrative on sustainable development financing globally.
Key Impact Points: A new World Economic Forum report reveals the transformative potential of Earth observation (EO) data, which could drive over $3 trillion in cumulative economic benefits globally by 2030. This data, crucial for sustainable growth, offers significant advantages across various sectors. Economic Surge The global value of EO
Key Impact Points: Importance of the Bonn Climate Change Conference As negotiations for COP29 in Baku begin, WWF is urging countries to demonstrate high ambition in climate finance and the next round of national climate plans. The Bonn Climate Change Conference, taking place from June 3-13, is a critical moment
Key Impact Points: Strategic Collaboration for Ocean Health UBS Global Wealth Management (GWM) has partnered with Rockefeller Asset Management to launch the UBS Rockefeller Ocean Engagement Fund. This fund aims to deliver financial returns while positively impacting ocean health by engaging with companies addressing critical ocean issues. Bruno Marxer, Head
Key Impact Points: Accelerating the Transition from Coal The governing board of the Climate Investment Funds (CIF), a leading multilateral climate fund, has endorsed a new investment plan presented by the Government of the Philippines. This plan allocates $500 million for the country’s transition from coal to renewable energy, focusing
Singapore also released the finalised Model Governance Framework for GenAI and announced that it is working with fellow small state Rwanda on an AI Governance Playbook for Small States Mr Heng Swee Keat, Singapore’s Deputy Prime Minister and Chairman of the National Research Foundation NRF, outlined an investment of close to S$300 million into Singapore’s National Quantum Strategy (NQS) to
Declaration acts as catalyst for renewed commitment to sustainable development ahead of Summit of the Future The Fourth United Nations Conference on Small Island Developing States (SIDS4) wrapped up today in Antigua and Barbuda with unanimous support for a bold new 10-year plan of action that will deliver meaningful change for
The fourth international meeting of Small Island Developing States (SIDS), known as SIDS4, commenced with powerful speeches from key leaders, underscoring the critical challenges and opportunities facing these vulnerable nations. The conference, held in Antigua and Barbuda, brings together representatives from across the globe to address the pressing issues of
