Project Syndicate
November 11, 2020
Public development banks will be critical to global efforts to build back better from the COVID-19 pandemic and its economic fallout. To realize their potential, they should complement their climate investments by setting explicit nature-based goals and targets.
This week’s Finance in Common Summit will mark the first time that leaders of the world’s 450 public development banks (PDBs) come together to discuss how to reorient investments toward sustainable development. Given the current global economic uncertainty and compounding environmental threats, the gathering comes at a critical moment. It is a welcome opportunity to consider how public financial institutions can help steer funding toward conservation and sustainable use of natural resources – thus opening up an asset class that supports both people and the planet.