IFSCA’s Contribution to Sustainable Finance during India’s G20 Presidency
Introduction
As a domestic knowledge partner of the G20 Sustainable Finance Working Group (SFWG), the International Financial Services Centre Authority (IFSCA) has played a crucial role in India’s G20 Presidency. IFSCA’s ambition to develop the GIFT IFSC as a global hub for sustainable finance aligns with its active participation in the G20 SFWG. This article highlights some of the significant contributions made by IFSCA during this period.
Building Capacities for Sustainable Finance and Risk Management
IFSCA has taken the lead in authoring India’s Presidency Input paper on “Building capacities to accelerate sustainable finance and manage climate and sustainability risks.” This publication, part of the G20 SFWG’s work, emphasizes the importance of developing the necessary capabilities to drive sustainable finance and effectively manage risks associated with climate change and sustainability.
Panel Discussions on Social Impact Investments and Capacity Building
IFSCA actively participated in panel discussions held during the G20 Domestic outreach event at Chennai. The focus of these discussions was on social impact investments and capacity building. By sharing insights and expertise in these areas, IFSCA contributed to the exchange of ideas and best practices among G20 members.
Scaling Up Social Impact Investments
Recognizing the significance of social impact investment, IFSCA provided valuable inputs to scale up its adoption. This contribution addresses one of the priority areas identified by the G20 SFWG. By sharing insights and recommendations, IFSCA aims to foster the growth of social impact investment and its positive impact on sustainable development.
Case Studies on Financing Sustainable Development Goals (SDGs)
IFSCA presented case studies highlighting the role of the International Financial Services Centre (IFSC) as a powerful instrument for financing the Sustainable Development Goals (SDGs). These case studies were considered for inclusion in a compendium of best practices for financing SDGs. By showcasing successful examples, IFSCA aims to inspire other financial institutions and stakeholders to adopt similar approaches for financing sustainable development.
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