This text was produced with the assist of ECOWAS Financial institution for Funding and Growth
Dr George Agyekum Donkor, President and Chairman of the Board of Administrators of the ECOWAS Financial institution for Funding and Growth (EBID), has referred to as for a daring and strategic strategy to local weather financing as a catalyst for Africa’s sustainable progress and financial transformation. His remarks had been delivered on the 2025 Africa Monetary Summit (AFIS) held in Casablanca, Morocco.
Addressing delegates on the theme, “Local weather and Bond Markets: How you can Construct Africa’s Sustainable Finance Arsenal”, Dr Donkor emphasised that Africa already possesses vital monetary sources to fund climate-smart investments. He highlighted that the continent’s pension funds alone exceed USD 160 billion, with greater than 90% invested in authorities securities and devices. West Africa, he famous, accounts for roughly USD 40 billion of those property.
“The problem,” Dr Donkor argued, “shouldn’t be the supply of capital however slightly making certain initiatives are investment-ready and engaging, and that there’s the political will to channel these sources into sustainable improvement.” He urged African governments and monetary establishments to prioritise the de-risking of climate-focused initiatives and to implement regulatory frameworks that facilitate entry to climate-sensitive financing. Such measures, he famous, are important to accelerating Africa’s sustainable improvement agenda.
Dr Donkor additionally highlighted the distinctive position of Growth Finance Establishments (DFIs) in mobilising inexperienced capital. “DFIs can act as catalysts, leveraging current sources to assist governments obtain their inexperienced funding targets,” he stated. As a working example, he famous that EBID turned the primary DFI to concern a Inexperienced, Social and Sustainable (GSS) bond on the West African Financial and Financial Union (WAEMU) market in July 2024, offering essential funding for initiatives aligned with environmental and social priorities.
The 2025 AFIS convened main figures from Africa’s monetary and industrial sectors, together with policymakers, personal sector leaders, and improvement companions, to debate methods for advancing the continent’s industrialisation and monetary transformation. The summit serves as a essential platform for dialogue, collaboration, and the promotion of revolutionary financing options tailor-made to Africa’s distinctive improvement challenges.
Dr Donkor’s remarks underscore the urgent want for Africa to harness its current monetary sources strategically, whereas concurrently fostering regulatory and coverage environments that assist sustainable funding. As local weather change more and more shapes financial realities throughout the continent, his name for proactive, revolutionary financing options affords a roadmap for Africa’s sustainable progress and long-term transformation.
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