UN Secretary-General Ban Ki-moon and IDFC Chairman and KfW Group CEO Dr Ulrich Schröder met at 2nd annual meeting of the International Development Finance Club (IDFC ) in Washington D.C.

Washington D.C., United States, 15-10-2013 — /EuropaWire/ — Yesterday (2013-10-13), on the occasion of the 2nd annual meeting of the International Development Finance Club (IDFC) the Secretary-General of the United Nations Ban Ki-moon met with IDFC CEOs. During their meeting IDFC members discussed the 2013/2014 work programme in climate and development finance as well as ways IDFC members can support global processes on climate finance.

In his key note speech to the IDFC CEOs, the UN Secretary-General Ban Ki-moon stated: “Development banks within the IDFC have provided impressive green finance commitments, including $79 billion in climate financing in the last year alone”. He encouraged members of the IDFC to further increase their climate financing and to continue their efforts in mobilising additional private capital and to use the 2014 Climate Summit to reach the goal of $100 billion-a-year for new climate finance commitments. “Your capital and your strategic collaboration across very different parts of the world can create and transform markets. With enlightened action, we can create jobs, improve public health and protect the environment”, he said.

The Chairman of the IDFC and CEO of the KfW Group, Dr Ulrich Schröder, emphasised: “This statement constitutes a substantial political guidance for the members of IDFC and underlines the importance of continuing the cooperation between the UN and the IDFC in light of major developmental and climate issues on the world’s agenda.”

The International Development Finance Club (IDFC), an association of 20 Development Banks from Africa, Asia, Europe and Latin America held its 2nd annual meeting last weekend as a side event to this year’s World Bank Group and IMF annual meetings in Washington.

About IDFC:

The IDFC is a network of 20 likeminded national, bilateral and regional development banks. Founded in 2011, the Members of IDFC act inter alia as financier, advisor, partner and implementer to mobilise finance and expertise for development projects in emerging and developing countries. With a similar vision on development strategies, the Club prioritises on social and green development for a sustainable future. More information on the programme, organisational structure and members of IDFC is available at www.idfc.org.

About KfW:

Established in 1948 as a public law institution, KfW is today owned 80% by the Federal Republic of Germany and 20% by the federal states (“Länder”). KfW is devoted to the principle of sustainability and takes particular responsibility for the protection of the environment and the climate. Its main activities are the promotion of SMEs, financing of the housing sector and of municipalities, export and project finance as well as the promotion of developing and transitional countries.

Contact

Dr Charis Pöthig
Phone+49 (0) 69 74 31-46 83
Fax+49 (0) 69 74 31-32 66e
Mail charis.poethig@kfw.de
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UN Secretary-General Ban Ki-moon and Dr Ulrich Schröder (Chairman of the IDFC and CEO of the KfW Group) on 13 October 2013 at Washington D.C.

UN Secretary-General Ban Ki-moon and Dr Ulrich Schröder (Chairman of the IDFC and CEO of the KfW Group) on 13 October 2013 at Washington D.C.

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