The Central Bank of Azerbaijan (CBA) will lead high-level discussions on expanding climate financing, Report informs referring to the bank.
The CBA will hold a key event on November 14 titled "Global Financial System: Expanding Finance for Climate Action" as part of Finance, Investment, and Trade Day.
The meeting will bring together public and private sector leaders, representatives of Multilateral Development Banks, and investors to accelerate climate financing and mobilize resources necessary for implementing Paris Agreement goals and ensuring green transition.
The event will include two key panel sessions where global financial institution leaders will present their positions.
The panel session "Climate Finance: Turning Climate Ambition into Concrete Actions" will focus on strategies for expanding climate financing in developing countries.
The panel session "Expanding Climate Finance through Global Financial Cooperation" will address improving regulatory framework coherence and practices, with special emphasis on coordination between multilateral development banks and the global financial system. The event will announce financial commitments from Azerbaijani banks aimed at greening the financial system and accelerating the country's green transition.
Participation in the event is only possible for individuals accredited to the Blue Zone.