The confluence of rising inequality, debt crises, and the escalating climate emergency demands that Public Development Banks (PDBs) demonstrate genuine leadership in driving just, sustainable development. At this critical juncture, PDBs must move beyond rhetoric and commit to concrete, transformative actions, placing human rights, community leadership, and environmental sustainability at the core of all financing decisions. Civil Society Organisations (CSOs) call on PDBs to embrace this responsibility and champion a new era of development finance.
Global Recovery From COVID-19 Pandemic | Solving Climate Crisis
“There is no vaccine for the planet. Nature needs a bailout,” warned UN Secretary-General António Guterres, describing the state of the planet in a speech at Columbia University in New York in December 2020. He identified global recovery from the COVID-19 pandemic as an opportunity to solve the climate crisis and make peace with nature, using the SDGs and the Paris Agreement on climate change as a blueprint.