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.
Reviving Financial Systems After Crisis | COVID-19 Pandemic | Climate Change
The world is facing unprecedented challenges. The COVID-19 pandemic, conflicts, food and energy insecurity, and the triple crisis of climate change, pollution, and biodiversity loss have derailed progress on the SDGs. Crippling sovereign debt has further deepened the divide between developing and developed countries, putting inclusive and sustainable development at risk.