Thursday, march 41 When is Innovative Finance Good for Development?
2 Beyond Lending: Managing Risk and Volatility
Guillermo Perry (Center for Global Development)
Catherine Collin (European Investment Bank), David de Ferranti (Results For Development Institute), Luc Rigouzzo (Proparco)
Room C D. Workshop in English.
Developing countries suffer from higher macroeconomic volatility and more frequent severe economic crises than developed countries. These differences arise from higher vulnerability and exposure to a variety of exogenous shocks and domestic structural weaknesses. Private financial markets and development banks have created a range of instruments which manage exposure to these risks but access to them remains limited.
4 Innovative Financial Solutions for Climate Change Mitigation
Stephan Opitz (KfW Entwicklungsbank)
Kevin Conrad (Coalition for Rainforest Nations), Ismid Hadad (National Council on Climate Change, Indonesia), Abyd Karmali (Bank of America/Merrill Lynch), Marcelo Labre (Standard Bank), Denis Loyer (Agence Française de Développement)
Room 2. Workshop in English.
This workshop will discuss the potential of three specific categories of financial instruments for climate change mitigation: (1) the Kyoto Flexibility Mechanism (2) financing the fight against reduction of deforestation and forest degradation (REDD) and (3) financing developing and emerging countries climate change policies.
6 Advance Market Commitments for Development
Susan McAdams (The World Bank)
Tania Cernuschi (GAVI), Jan von der Goltz (Center for Global Development), Bernice Lee (Chatham House) (tbc), Rebekah Young (Finance Canada)
Room 3. Workshop in English. Download PDF File of R. Young - "Agriculture pull mechanisms"Download PDF File of T. Cernuschi - "The Pilot AMC for Vaccines"Download PDF File of J. von der Goltz - "Some considerations for an AMC in the climate context"More
Advance Market Commitments (AMCs) reduce investment uncertainty where market failure, access to finance, or high capital costs limit investment in products needed in poor countries. This workshop will explore lessons learned from the pilot AMC for pneumococcal vaccines and discuss further applications including low carbon and agricultural technology.
8 Generating Additional Resources for International Development
Christian Masset (Leading Group on Innovative Financing for Development)
Robert Filipp (The Global Fund to fight Aids, Tuberculosis and Malaria), David Hillman (Stamp Out Poverty), Inge Kaul (Expert Committee of the Task Force on International Financial Transactions and Development)
Room Louis Armand 2. French – English translation available.
Generating additional, stable and predictable finance for development has been one of the major goals of innovative financing. Several mechanisms have raised over $2.5 billion to date. This workshop, coordinated with the Leading Group on Innovative Financing for Development, will focus on options for taxing international financial transactions, and new faces of philanthropy.
10 Pledge Guarantee for Health
Luca Tortorelli (United Nations Foundation)
Mamadou Moustapha Ba (Ministry of Finance, Senegal), Papa Birama (Ministry of Health, Senegal), Mark Chiaviello (Standard bank), Susan McAdams (The World Bank), Kevin Starace (UN Foundation)
Room 2. Workshop in English.
The Pledge Guarantee for Health (PGH) aims to make available timely, efficient capital to aid recipients who suffer from the delay and uncertainty often associated with donor funding. The session will cover: (1) volatility in the donor aid market (2) benefits of increasing access to short-term capital for aid recipients and (3) how a PGH transaction works, implementation plans and potential for scaling and measuring success.
12 Index-based Insurance
Ulrich Hess (The World Bank)
Panos Varangis (International Finance Corporation, IFC), Sophia Belay (Nyala Insurance, Ethiopia), Lovemore Forichi (Swiss Re), Peter Maina (Global Index Insurance Facility), Rajesh Rai (ICICI Lombard, India)
Room 3. Workshop in English.
Severe droughts, hurricanes and floods create significant losses for farmers and herders. Parametric insurance, also known as index-based insurance, could provide solutions. The insurance payout depends on a loss specified by an index serving as a proxy for the actual losses. This workshop aims to present the opportunities and challenges in launching parametric insurance projects and their scalability and sustainability.
15 Innovating to Enhance Access to Finance: Households, Farmers and Microenterprises
Bindu Ananth (IFMR Capital)
Kshama Fernandes (IFMR Capital), Alberto Lemma (ODI), Ulrich Hess (World Bank)
Room 3. Workshop in English.
Local banks, cooperative unions or micro finance institutions need to serve the customer in a complete sense. To do that they need to transfer community/region-specific systemic risks to other financial market participants who have a better capability to manage such risk. This workshop will focus on innovative financial market mechanisms that have facilitated such risk transfer.
17 Encouraging Start-Up Capital in Low-Income Countries
Luc Rigouzzo (Proparco)
Greg Durst (Horizon Equity), Gisèle Etamé (Genemark), Patrice Hoppenot (I&P Partners), Ziad Oueslati (Tuninvest), Christ West (Shell Foundation)
Room A B. Workshop in English
This workshop will tackle the issue of the limited market for start-up or venture capital (VC) in Low Income Countries. Questions to be addressed include: What do VC markets look like in these countries? What are the impediments to VC growth? What strategies and innovative financial solutions should be considered to facilitate start-up capital in these poorer countries?
19 Innovative Financial Solutions for Biodiversity Conservation
Ray Victurine (Wildlife Conservation Society)
Julien Calas (Fonds Français pour l’Environnement Mondial), Geo Dutki (Bwindi Mgahinga Conservation Trust, Uganda), Neel Inamdar (Verde Ventures – Conservation International), Robin Naidoo (WWF)
Room 4. Workshop in English.
Trust funds, payments for environmental services and compensation offsetting are some of the innovative financial solutions in development to promote biodiversity conservation. The workshop will focus on the financial needs to ensure the conservation of biodiversity, look at some of the latest innovative financing tools and examine their strengths and their limitations.