COP29 Side Event – Options for Aligning International Financial Flows with Climate Objectives and Country Priorities

In collaboration with E3G and the IDFC Climate Facility, this event has presented country platforms as a way to both improve the fitness-for-purpose of international climate finance relative to national priorities and to unlock more resources. 

The ongoing reform of the international financial architecture is placing PDBs in the spotlight as key players in mobilising and channeling resources towards low-emission and climate-resilient development, in line with country priorities. Yet, collaboration at the national and international level will be crucial in order to leverage their added value. 

Country platforms are increasingly being seen as part of the solution to marshal international finance, while ensuring its alignment with national priorities and climate objectives. Fostering collaboration between MDBs on specific approaches to Paris alignment is key to these platforms success. 

This event has highlighted several ways through which to improve the country-level impact of international climate and development finance, and the associated conditions for success, bringing together representatives of think-tanks and public development banks.