ICMA and Swiss Re breakfast seminar (IMF Annual Meetings side event)
Venue: Douglas Room, Willard InterContinental Washington, 1401 Pennsylvania Avenue, NW, Washington DC 20004
Date: 13 October 2022
Time: 07:00 – 07:45 EDT
ICMA and Swiss Re will be holding a breakfast meeting, by invitation only, on 13 October to coincide with the IMF Annual Meetings in Washington DC. The event will be hosted by ICMA Chief Executive Bryan Pascoe and Swiss Re Group Chief Economist Jérôme Haegeli.
In its recent report Mobilizing Private Climate Financing in Emerging Market and Developing Economies, the IMF stresses the importance of mobilising domestic and foreign private sector capital in climate finance, as a complement to climate-related policies. It also emphasises the need to mitigate relevant risks and constraints through public-private partnerships involving multilateral, regional, and national development banks.
However, today's economic environment, including rising inflation and recession risks, and a growing energy crisis, are likely to hinder short and medium-term efforts to green the global economy. As government debt continues to rise and become more expensive, the private sector, including the reinsurance industry, could become an increasingly important partner in ramping up investments, especially in decarbonisation and green infrastructure.
In its upcoming research (which will be published ahead of this event), Swiss Re will reveal the latest insights on the mounting annual shortfalls in green investments and potential solutions to help close the investment gap by mid-century.
ICMA and Swiss Re are pleased to present this roundtable discussion focused on closing investment gaps and the opportunities this represents for the financial services industry, including reinsurers.
Admission: Attendance is by invitation only. If you would like to request an invitation, please contact Fiona Heuch, ICMA Events Associate.