WEBVTT

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Veronica, thank you so much for
joining us.

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When it comes to the most urgent
challenges, we hear a lot about

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finance.

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How do we get the money to where
it needs to go?

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Yeah, I think for us to really
meet this moment, we need to

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think beyond just financing one
project, one fund.

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We need to think about creating
financial markets that can truly

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facilitate financing to meet
these global challenges, be it

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climate, be it health, be it
broader global inequality.

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And what do we mean by that?

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It means looking at things like
data, which is the lifeblood of

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how financial markets flow.

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How do we make data more
available, more comparable, more

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accessible, so investors can
invest with confidence?

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Things like financial
instruments.

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There are some, like
sustainability-linked blending,

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like sustainability-linked
bonds, which have shown promise

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for scale.

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How do we scale those and create
the other forms of financial

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instruments that can deliver the
financing we need at scale?

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Obviously, this is hard.

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So what does this all look like
in action?

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Yeah, we're seeing some really
promising solutions at multiple

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levels.

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Let's start at the country
level.

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Assessing the risk of financing,
particularly in emerging and

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developing economies, can be
tricky with a real lack of data.

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But we're seeing some promising
solutions where data is being

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shared in more accessible ways
so that that kind of

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country-level risk can be better
assessed.

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At the project level, we're
seeing some really interesting

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structures for originating
projects where inherently some

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of the risks, be it around
off-take risk or the development

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risk, are taking care from even
the way the project itself is

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structured.

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And a final area is foreign
currency.

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Here's where we need a lot more
innovation, but some promising

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solutions for how we can make
local currency solutions

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available at much bigger scale.

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Let's face it, we're living in
uncertain times.

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How do we make progress?

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I've spoken with many leaders on
this particular question.

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And what I'm sensing right now
is what we need is a steely

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sense of resolve.

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There are still tremendous
opportunities associated with

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financing a just energy
transition, with financing

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inclusion, with financing
progress in emerging and

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developed markets.

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The way that we can get there is
we must remain pragmatic and

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determined.

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Veronica, thank you.

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Thank you so much.