According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the IndoPacific region needs an estimated 1.5 trillion USD in order to achieve its Sustainable Development Goals by 2030.

European and Indo-Pacific Public Development Banks therefore have a critical role to play in order to transform economies in the region and foster sustainable development. Stronger partnerships between public banks can lead to long-term investments and accelerate this transition.

Directing European & Indo-Pacific development finance into channels promoting sustainable financing principles will play a crucial role. The institutions that govern development finance – whether national development banks or their European and regional partners – will determine if progress in sectors such as climate finance, renewable energy, and agriculture will be possible. This event attempts to map and bring together various relevant stakeholders from public financial institutions and development banks to chart out mechanisms for understanding and co-operation on sustainable modernization in the region.  It aims deepening the question of the convergence between public financial institutions & development banks in favor of better intervention efficiency,  sustainable financing for projects in line with the Paris Agreement on climate change.