Investing in a Better Tomorrow

Description

The Philippines' forthcoming National Adaptation Plan (NAP) and Nationally Determined Contribution (NDC) reflect the country’s commitment to addressing mitigation and adaptation together. This high-level dialogue by the Government of the Philippines – supported by the Asian Development Bank (ADB) – will discuss partnerships for accelerating climate finance and the role of key financing coalitions like the Vulnerable Twenty Group (V20) and the Coalition of Finance Ministers for Climate Action (CFMCA).

Objectives

• Foster dialogue among finance ministers from coalitions on accelerating climate finance in private and public programs at a sufficient scale to combat the impacts of extreme climate events;
• To explore and share best practices for innovative financing instruments and approaches: debt-for-nature/debt-for-climate swaps, carbon pricing instruments(e.g., carbon and nature credits), catalytic climate finance vehicles, transition bonds.

Target participants

Finance ministries, V20 Secretariat, CFMCA Secretariat (WB/IMF), Bilateral agencies, Regional and Multilateral development banks/international financing institutions, International organizations, inter-governmental organizations, Climate fund managers/administrators, Other national financial regulators, Financial institutions, Carbon and nature-based solutions project proponents, Private sector, Civil society.

Resource speakers

Panelists

• Masatsugu Asakawa, President, ADB
• Benjamin E. Diokno, Secretary of the Department of Finance (DOF), Philippines
• Ken Ofori-Atta, Finance Minister of Ghana
• Sigrid Kaag, Finance Minister of the Netherlands

Agenda

Time	Session	Speakers
11:00 - 11:35 a.m.	Opening Remarks and Introduction to the Panel	Moderator (DOF)
11:35 – 11:45 a.m.	Keynote Message	Benjamin E. Diokno, Secretary of the Department of Finance (DOF), Philippines
Moderated Panel
11:45 – 11:52 a.m.		Masatsugu Asakawa, President, ADB
11:52 a.m. – 12:00 p.m.		Ken Ofori-Atta, Finance Minister of Ghana
12:00 – 12:07 p.m.		Sigrid Kaag, Finance Minister of the Netherlands
12:07 – 12:17 p.m.	Discussion	All panelists
12:17 – 12:30 p.m.	Closing Remarks	Final remarks from panelists Closing remarks by moderator