Veronica, thank you so much for joining us.
When it comes to the most urgent challenges, we hear a lot about
finance.
How do we get the money to where it needs to go?
Yeah, I think for us to really meet this moment, we need to
think beyond just financing one project, one fund.
We need to think about creating financial markets that can truly
facilitate financing to meet these global challenges, be it
climate, be it health, be it broader global inequality.
And what do we mean by that?
It means looking at things like data, which is the lifeblood of
how financial markets flow.
How do we make data more available, more comparable, more
accessible, so investors can invest with confidence?
Things like financial instruments.
There are some, like sustainability-linked blending,
like sustainability-linked bonds, which have shown promise
for scale.
How do we scale those and create the other forms of financial
instruments that can deliver the financing we need at scale?
Obviously, this is hard.
So what does this all look like in action?
Yeah, we're seeing some really promising solutions at multiple
levels.
Let's start at the country level.
Assessing the risk of financing, particularly in emerging and
developing economies, can be tricky with a real lack of data.
But we're seeing some promising solutions where data is being
shared in more accessible ways so that that kind of
country-level risk can be better assessed.
At the project level, we're seeing some really interesting
structures for originating projects where inherently some
of the risks, be it around off-take risk or the development
risk, are taking care from even the way the project itself is
structured.
And a final area is foreign currency.
Here's where we need a lot more innovation, but some promising
solutions for how we can make local currency solutions
available at much bigger scale.
Let's face it, we're living in uncertain times.
How do we make progress?
I've spoken with many leaders on this particular question.
And what I'm sensing right now is what we need is a steely
sense of resolve.
There are still tremendous opportunities associated with
financing a just energy transition, with financing
inclusion, with financing progress in emerging and
developed markets.
The way that we can get there is we must remain pragmatic and
determined.
Veronica, thank you.
Thank you so much.