Scaling up Climate Finance to Drive the Transition to a Green Economy

1 June 2022; 12:30 – 2:00 PM

Venue: Tonino Lamborghini International Convention Center Sharm El Sheikh (Suez Canal Hall)


The financial sector is as much exposed to climate change and central banks are increasingly acknowledging the physical and transition risks faced by the sector and are incorporating climate risks in their regulatory frameworks. At the same time, the financial sector, including multilateral, bilateral and commercial financial institutions have a major role to play in financing the transition to a green economy and investing in low carbon, climate resilient infrastructure.

The integration of environmental, social, and governance (ESG) criteria into investment decisions – designated as sustainable finance – has significantly increased across all asset classes and estimates of the global asset size of sustainable finance range from $3 trillion to $31 trillion.

The proposed session is highly relevant to COP27’s objectives, which is planned for this year in Egypt and will have a strong climate (especially adaptation) finance component. It is also in line with the IsDB Group Strategy update one of which strategic objectives focuses on driving the green economic growth of IsDB’s member countries.

Resource mobilization from IsDB resources and external ones will be key in this endeavor, to scale up green financing in MCs. As an MDB, the IsDB has committed to a joint MDB framework on Paris alignment, which includes increased ambition for climate action by mobilising private sector investments and supporting clients’ access to concessional finance, including for leveraging private capital.

Key issues to be addressed:

Interactive discussions during the session will help address the following issues:

  1. What are the barriers to the increasing climate finance, especially from the private sector?
  2. What tools, mechanisms and instruments are available to help scaling up climate finance and support green transition in developing countries?
  3. What are some examples of successful multisectoral coordination mechanisms to finance and scale up local adaptation?
  4. How can policy support and planning (including climate long term strategy planning) help in increasing access to climate finance by member countries?

  • Speakers
    • H.E. Mansur Muhtar, Vice President, Operations, IsDB

      Is the Vice President, Operations in IsDB. He joined IsDB in 2015 as Vice President Country Programs Complex. During his tenure in IsDB, Dr. Mansur served as Ag. Group Chief Economist, and Ag. Chief Product and Partnerships Officer.

    • H.E. Hala Helmy El-Said, Minister of Planning and Economic Development

      is the Egyptian Minister of Planning and Economic Development and the IsDB Governor. She is a prominent female banking figure, as a member of the Central Bank's Board of Directors and previously as an Executive Director of the Egyptian Banking Institute.

    • H.E Al-Sayed El-Quseir

      H.E Al-Sayed El-Quseir is the Egyptian Minister of Agriculture and Land Reclamation. Prior to joining the cabinet, he was a renowned banker with over 30 years of experience. In 2016, he became the president of the Development and Agricultural Credit Bank. Prior to that, he was the head of the Industrial Development and Workers Bank of Egypt since 2011.

    • Vivi Yulaswati

      Senior Advisor to the Indonesian Minister of National Development Planning for Social Affairs and Poverty Reduction. She has long experience in designing anti-poverty programs including Community Driven Development and Conditional Cash Transfer. She is also the Head of the National Secretariate for SDGs. 

    • Ms. Kavita Sinha

      Ms. Kavita Sinha is the Director of the Division of Private Sector Facility a.i., Green Climate Fund (GCF)

      Kavita was previously Deputy Director for Adaptation and Mitigation at the GCF. Prior to that, Kavita was Programme Director at European Climate Foundation (ECF). She has previously for other organisations including the US Agency for Interational Development (USAID).

    • Mallé Fofana

      Mallé Fofana is the Africa Director & Head of Programs at Global Green Growth Institute (GGGI).  

      Malle is previously GGGI’s Country Director for Burkina Faso and Cote d’Ivoire. Prior to joining GGGI, Mallé worked for Dalberg and RMDA as Africa Managing Director focusing on development issues in Africa, defining, leading, and implementing a range of economic and social development initiatives throughout the Africa region.

    • Malick Ndiaye

      Malick Ndiaye is the CEO of the Agricultural Bank of Senegal (LBA).

      A banker holding an engineering degree and an agricultural economist of Higher Banking Diploma (BSEF) of the Institut Technique de Banque (ITB), the Conservatory national Arts and Crafts in Paris in 1995, Malick has spent almost his entire career at the Caisse Nationale de Crédit Agricole of Senegal (CNCAS), now La Banque Agricole, culminating as CEO of the bank.

    • Mohamed Bayoumi

      Mohamed Bayoumi is the Assistant Resident Representative of the United Nations development Program (UNDP) in Egypt.

      Mohamed has graduated as an engineer from Cairo University in Egypt and obtained his Masters and PhD in Environmental Engineering from University of Southampton in UK. He has more than 25 years of work experience in the area of development and environment focused on linkages between poverty alleviation with natural resources management and global environmental issues.