The Financial Futures Center main objective is to support developing countries catalyze an economic transformation to launch a decade of progress with 5-years of fast-tracked action aimed at ultimately achieving, by 2030, “climate prosperity”, and the reversal of systemic climate vulnerability towards becoming systemically climate resilient economies. This goal can be achieved by seeking the improvement of key socio-economic growth outcomes: national and disposable income, poverty reduction, investment, jobs, economic stability, trade balance, and other critical socio-economic results – by optimizing core economic and climate responses together within the real economy.
Supporting developing countries pursue climate prosperity can exceed or ensure early achievement of the 2030 Sustainable Development Goals and be well on track to emerge, at the latest by 2030-2050, as wealthy nations achieved through strongest possible climate-smart economic growth. To do so, there is also a need for systems change to the global economy and parallel and supportive contributions of major economic actors, including private sector, international financial institutions (IFIs), multilateral development banks (MDBs), and the development assistance and economic cooperation between the Vulnerable Group of Twenty (V20) Ministers of Finance, the Group of Twenty (G20) and the Organisation for Economic Co-operation and Development (OECD).
Recognition of distinct, regionally specific, nationally determined challenges of developing countries.
Support for country ownership and country-driven processes that enhance efficiency, responsiveness, and builds in-country capacity.
Promote the mobilization of international, regional and domestic support through appropriately balanced support to adaptation and mitigation, scale, predictability, debt sustainability, and accessibility.
Promote South-South expertise, collaboration, and fostering of innovative solutions in finance, technology and policy.
SENIOR ADVISOR ON FINANCIAL INSTITUTIONS, SOUTHEAST ASIA
Senior climate finance advisor, Africa