The World Bank Group and partners launched the “Sustainable Finance Knowledge Center for Francophone Africa” on October 1, 2024. This virtual platform, available in both English and French, is designed to equip companies and financial institutions across Francophone Africa with the knowledge and skills necessary to accelerate the transition toward sustainable finance and business models.

Sustainable finance taxonomies are important if the world is to reduce emissions and have any chance of getting to net zero. They define what is “sustainable” and how investments in each country align with broader environmental and social goals.

The IFC-facilitated Sustainable Banking and Finance Network (SBFN) concluded its 8th Global Meeting on September 11-12, 2024, in Rio de Janeiro, alongside the G20 Sustainable Finance Working Group (SFWG) meeting, marking a significant milestone in the global effort to align sustainable finance frameworks and elevate the voice of emerging markets on the international stage.