The Indo-Pacific region needs $1.5 trillion in order to achieve the Sustainable Development Goals by 2030, according to estimates from the United Nations Economic and Social Commission for Asia and the Pacific.

European and Indo-Pacific public development banks therefore have a critical role to play in order to help transform economies in the region and foster sustainable development. Stronger partnerships between public banks can lead to long-term investments and accelerate the transition.

Directing European and Indo-Pacific development finance into channels promoting sustainable financing principles will play a crucial role. The institutions that govern development finance—whether national development banks or their European and regional partners—will determine if progress in sectors such as climate finance, renewable energy, and agriculture will be possible.

This event brings together stakeholders from public financial institutions and development banks to chart out mechanisms for understanding and cooperation on sustainable development in the region. It aims to foster the convergence between public financial institutions and development banks to ensure better intervention efficiency in adopting sustainable financing for projects in line with the Paris Agreement on climate change.