The event to be held tomorrow (CI time) to officially launch the Asia-Pacific Climate Finance Fund (ACliFF) will be co-hosted by Germany and the ADB.
The aim of ACliFF is to significantly increase climate investment in Asia by supporting ADB developing member countries in achieving their nationally determined contributions, the de-risking of climate investments, and the expansion of climate risk insurance.
This seminar is expected to bring together high-level stakeholders from government, civil society, the private sector, and ADB to discuss the main elements of this highly innovative climate scheme.
Brown said he was excited with the opportunity to be part of the panel which will include top officials from ADB and the German government.
“Looking forward to being on this panel for the official launch of this fund established to help countries like ours who are at the forefront of the effects of climate change,” Brown posted on his Facebook page.
Over 5000 delegates of finance and development ministers, central bank governors, business executives, journalists, academics, and representatives from civil society, development organisations, and youth from the Asia and Pacific region have arrived in Yokohama for the ADB meeting which started yesterday.
In a statement ADB says the meeting which ends on Saturday will be held under the theme of “Building Together the Prosperity of Asia”.
It will focus on the region’s growing need for infrastructure as a critical sector towards achieving sustainable and inclusive development, it says.
Discussions on how to address urban challenges and strive for clean and climate-resilient development will also be held, the statement adds.
ADB which is based in Manila is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.
Established in 1966, ADB is celebrating 50 years of development partnership in the region.
It is owned by 67 members and in 2016, ADB’s assistance totaled US$31.7 billion, including US$14 billion in co-financing.