15:00 -
18:30

Sustainable Finance

The Fourth International Conference on Financing for Development (FFD4) adopted an ambitious global financing framework to close the $4 trillion annual SDG financing gap, reform the international financial architecture, scale up domestic resource mobilization, and catalyze climate and biodiversity finance. Building on these commitments, this session focuses on actionable pathways to accelerate financial flows toward NDC, SDG, and biodiversity goals, leveraging GGGI’s track record of mobilizing USD 14.5 billion since 2015 and operating in 50+ countries.

The session convenes policymakers, development banks, private financiers, and innovators to translate FFD4’s calls to action into practical solutions. Discussions will explore how to unlock subnational finance, embed climate and nature resilience in infrastructure, and integrate debt, climate, and biodiversity finance solutions for countries in vulnerable situations.

The Sustainable Finance session is structured into three thematic panels:

  1. Unlocking Subnational Financing: scaling domestic resource mobilization and strengthening subnational finance are critical to delivering essential public services and advancing the NDCs and SDGs. This panel focuses on how local governments and quasi-sovereign entities, such as national development banks (NDBs), can drive climate-aligned investments at scale.

Participants will examine innovative ways to diversify local revenue streams, such as municipal bonds and thematic bonds (green, SDG, resilience), while leveraging NDBs to channel finance into priority sectors. The discussion will explore enabling conditions – robust regulatory frameworks, credit enhancement, digital platforms, and capacity development – that empower subnational actors to mobilize resources for climate, biodiversity, and inclusive development outcomes. By highlighting successful examples and tools, the session will identify concrete steps to strengthen domestic financial ecosystems and accelerate investment flows to local communities.

  1. Climate Resilient Infrastructure: Infrastructure remains a backbone of economic growth but is increasingly exposed to climate shocks and biodiversity loss. FFD4 reaffirmed the importance of building “quality, reliable, resilient, and sustainable infrastructure” and integrating climate and nature considerations into investment frameworks.

This panel explores how infrastructure finance can shift from business-as-usual to climate-resilient, nature-positive, and socially inclusive approaches. It will spotlight models where public–private partnerships (PPPs) and blended finance instruments integrate nature-based solutions, resilience standards, and inclusive planning from design through delivery. Case studies will demonstrate how digital and AI-driven asset management tools enhance lifecycle planning and resilience monitoring. Participants will discuss actionable pathways for embedding resilience into procurement, capital mobilization, and risk-sharing frameworks, ensuring infrastructure not only withstands climate impacts but also delivers lasting ecological and social co-benefits.

  1. Integrating Climate, Biodiversity, and Sovereign Debt Solutions: Developing countries are increasingly trapped in a reinforcing cycle of climate vulnerability, biodiversity loss, and unsustainable debt. With over 50 developing countries spending more than 10% of revenues on debt interest, fiscal space for climate and nature goals is shrinking, just as trillions are needed annually to meet global targets.

This panel examines how sovereign debt strategies can be aligned with climate and biodiversity goals, drawing lessons from recent transactions and emerging innovations. The discussion will explore mechanisms to link debt relief with ecosystem protection and community resilience, and how technology, including AI-powered tools, can enhance transparency and impact monitoring. By connecting debt sustainability with environmental outcomes, participants will map a forward-looking vision for integrating innovative sustainable finance instruments into the global climate and biodiversity agenda while strengthening economic resilience.

These three panels form an interconnected narrative that reflects the urgency – and opportunity – of reshaping the global financial system to meet today’s complex and overlapping challenges. By addressing financing gaps at the subnational level, embedding resilience into infrastructure, and aligning sovereign debt strategies with environmental goals, the session provides a complete framework for accelerating the shift toward sustainable, inclusive, and climate-aligned finance.

The Sustainable Finance session will offer forward-looking insights and practical solutions that advance the green growth objectives of GGGI Member States. By convening global and regional actors – including policymakers, financial institutions, and implementation partners – the session aims to catalyze new partnerships and actions to align financial flows with the Paris Agreement, the SDGs, and the Kunming-Montreal Global Biodiversity Framework.

Speaker

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Amos Lugoloobi
Uganda
Minister, Ministry of Finance, Planning and Economic Development, Uganda

Minister, Ministry of Finance, Planning and Economic Development, Uganda

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Esrom Immanuel
Fiji
Assistant Minister for Finance and Strategic Planning, National Development and Statistics

Hon. Esrom Immanuel hails from Navolau Village in the tikina of Viria in Naitasiri. He completed his primary education at the Dravuni District School and secondary education at Ratu Sukuna Memorial School. He holds a Bachelor of Arts degree at the University of the South Pacific, and Post Grad Diploma in Applied Finance & Investments at the Securities Institute of Australia.

He joined the Fiji Development bank as a Loans Officer in 1988. He then moved to Colonial Fiji Life Ltd and worked from being a Senior Investment Clerk to Assistant General Manager Positions from 1989 – 2005. He then moved to be the Chief Executive Officer for Yasana Holdings Ltd from 2006- 2013.Then moved to become the CEO, Investment Advisor and Broker Representative at the Fiji Stockbrokers Limited from 2014 to 2022.Currently, he is the Assistant Minister to Finance, Strategic Planning, National Development and Statistics after the General Elections on 24 December 2022.

Hon. Esrom was part of the Board Member of the South Pacific Stock Exchange, Data Bureau Limited, Yasana Holdings Limited and represent Colonial Fiji Life Limited in some of its Investee Companies.
He was also a Board Member of Fiji Television Ltd to June 2013 and RB Patel (retail/wholesale chain) to June 2013, and Deputy Chair of Media New Guinea Limited (TV Company in PNG) to June 2013 and was Chair of Compac (Communication Pacific Limited).
He is a member of Leadership Fiji and Associate member of Securities Institute of Australia (FINSIA).
He has great excellent rugby memories and is fond of travelling, socializing with Extended families/relatives, workmates and loves meeting new people. His hobbies are reading financial news and books and watching rugby.

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Patricia Natali Idrobo Oleas
Ecuador 
Vice Minister of Economy and Finance

Vice Minister of Economy and Finance, Government of Ecuador

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Tobias Otieno Ogweno
Kenya
Head of the Environment and Climate Change Division at the Ministry of Foreign and Diaspora Affairs

Mr. Tobias Otieno Ogweno Head of the Environment and Climate Change Division at the Ministry of Foreign and Diaspora Affairs of Kenya. Mr. Tobias leads the Ministry’s coordination of Kenya’s international engagement on environmental diplomacy and climate change. He has extensive experience in multilateral environmental negotiations, representing Kenya in key global forums under the United Nations Framework Convention on Climate Change (UNFCCC) and other international environmental platforms. Mr. Tobias’s work focuses on advancing Kenya’s climate diplomacy agenda, strengthening partnerships for green development, and integrating environmental priorities into foreign policy.

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Adidjatou Hassan
Benin
Deputy Chief of Staff of the Senior Minister of Economy and Finance & President of Benin’s National Carbon Projects Registration Authority

Adidjatou Hassan is Deputy Chief of Staff to the Senior Minister of Economy and Finance of Benin and President of the National Carbon Projects Registration Authority. With over 20 years of experience in project management, risk management, audit, strategic planning, sustainable finance, and international development, she leads Benin’s climate finance strategy, mobilizing private capital for transformative, low-carbon, and sustainable investments across key sectors

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Aisha Al Abdooli
United Arab Emirates
Director of Ministry of Climate Change and Environment

Aisha Mohamed Abdullah Al Abdooli is the Director of Green Development & Environment Affairs Department at the Ministry of Climate Change and Environment.

Al Abdooli has extensive experience of 22 years in different fields including: Green Development, Air Quality, Net Zero, Circular Economy, Sustainable Development & Green Economy, in addition to her expertise in developing policies, strategies and regulatory frameworks in environmental topics, and Waste & Chemicals Management.

Aisha had worked in managing BOOT and PPP projects in Sewerage Infrastructure, Sewage Treatment Plants and Waste Management Projects in addition to managing EPCM firms to ensure that the Construction Environmental and Social Management Plan (CESMP) is implemented in Aluminum Industry and the project construction is executed in compliance with all applicable environmental standards.

Aisha holds Master Degree in Project Management from the British University in Dubai and Bachelor Degree in Chemical Engineering from the UAE University in Al Ain and Public Sector Innovation Diploma from Mohamed Bin Rashid Center for Government Innovation .

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David Von Eiff
CFA Institute
Director of Global Industry Standards

Mr. von Eiff has a combined 15 years of experience in environmental compliance, research, and sustainability. He obtained his Doctor of Philosophy at the City University of Hong Kong and his Master of Science in Environmental Economics and Public Policy at the Rensselaer Polytechnic Institute in New York. His main research areas address the economic, sustainability and climate change issues associated with water supply management decisions. He has conducted extensive research projects and authored several works including publications on a range of topics. Most recently, he authored a public-facing report which analysed and recommended potential changes for Hong Kong’s water management framework. His work has focused on the carbon footprint of the water supply, using a life-cycle analysis approach to analysis various public policy decisions and water mixes. He has also studied the importance of governance and the governance capacity of the Water supplies department on achieving long term sustainability.

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Ferruccio Santetti
GGGI
Global Sustainable Finance Lead

Global Sustainable Finance Lead, GGGI

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Gerard O’Donoghue
GGGI
Deputy Director-General for Green Finance and Corporate Services (FCS)

Gerard O’Donoghue is the Deputy Director-General for Green Finance and Corporate Services at the Global Green Growth Institute (GGGI).

Gerard joined GGGI in October 2018 from the Green Climate Fund (GCF) where he had been the Chief Financial Officer (CFO) & Director Support Services.   Prior to joining GCF in April 2014 he served in various senior finance capacities for a period of 20 years at the CGIAR living and working in Washinton DC (WB), Rome, Kenya, Ethiopia and Sri Lanka.

An Irish national, Gerard has a wealth of finance, management and professional leadership experience.  He was formerly a Senior Manager with Price Waterhouse, based in the City of London, where his work ranged from auditing to corporate finance, with a broad spectrum of high profile clients.

Gerard’s primary degree is in mathematics and mathematical physics from the National University of Ireland. He is a Fellow of the Institute of Chartered Accountants of England & Wales and also studied Professional Management at the University of York, England.

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Hyginus Leon
PVBLIC Foundation
The Development Bank for Resilient Prosperity, Executive Director

Hyginus ‘Gene’ Leon is a Saint Lucian national and an International Development advocate for Small Island Developing States (SIDS). He focuses on access to adequate and affordable finance to achieve resilient prosperity in those countries. He is currently the Executive Director of the Development Bank for Resilient Prosperity (DBRP), a new development bank for SIDS. In 2024, Dr Leon was appointed Ambassador-at-Large for the Government of Saint Lucia, focusing on development finance and SIDS-related issues.

Dr Leon served as the sixth President of the Caribbean Development Bank (CDB), the regional development finance institution based in Barbados, where he championed a systems approach to economic development based on the notion of social justice. With over 30 years of experience in economic development, Dr. Leon has directed macroeconomic and financial policy support to government authorities in Africa, the Middle East, Central Asia, and the Caribbean. A former Associate Professor, Dr. Leon worked with the International Monetary Fund (IMF) for more than 24 years, functioning as Mission Chief in parts of Africa, The Bahamas, and several Gulf States, as well as IMF Senior Resident Representative in Jamaica and Nigeria.

Dr. Leon also served as Director of Research at the Central Bank of Barbados and was Country Economist at CDB. Dr. Leon’s academic background is a testament to his expertise and credibility in the field of economics. He holds a PhD in Economics from the University of Southampton in the United Kingdom (UK) and a Bachelor of Science Degree (B.Sc.) in Economics from the University of London

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Hiroshi Wago
CAF - Development Bank of Latin America and the Caribbean
Director of Global Partnerships

Hiroshi Wago Rojas serves as Head of the Global Partnerships Division at CAF, where he leads the institution’s strategy to strengthen strategic alliances and elevate CAF’s global positioning as the green and blue development bank of Latin America and the
Caribbean, fostering sustainable and inclusive economic growth.

From February 2023 to February 2024, he served as Consultant for Asia at CAF, advancing the Bank’s engagement with governments, private financial institutions, and leading academic institutions to deepen cooperation and forge new partnerships.
Between 2020 and 2022, he held the position of Vice President for International Strategy and Innovation at ProColombia—the Colombian government agency tasked with promoting non-mining exports, foreign direct investment, and international tourism.

For over nearly a decade, he played a pivotal role in consolidating and expanding ProColombia’s presence in Asia as Regional Director based in Tokyo, while simultaneously serving as Commercial Counsellor at the Embassy of Colombia in Japan, overseeing operations across South Korea, China, the United Arab Emirates, India, Indonesia, Japan, and Singapore.

He holds a Master’s degree in International Relations from Waseda University (2013, Tokyo, Japan) and a Bachelor’s degree in Finance and International Relations fromUniversidad Externado de Colombia (2006, Bogotá, Colombia).

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James Louis Fletcher
Caribbean Centre for Renewable Energy and Energy Efficiency (CARICOM)
Chairman of the Executive Board

Dr. Fletcher is a Saint Lucian scientist, author, governance and public policy specialist, thought leader, and climate justice advocate. He currently serves as the CARICOM Climate Envoy, is an Expert/Non-State Actor Member of the GGGI Council, and is a REN21 Renewable Energy Champion for the Caribbean in May 2025. Previously he was Chair of the Caribbean Centre for Renewable Energy and Energy, and from 2011 to 2016, Dr. Fletcher served as Saint Lucia’s Minister for the Public Service, Information, Broadcasting, Sustainable Development, Energy, Science, and Technology. He cofounded the Caribbean’s 1.5-to-Stay-Alive climate campaign and was later profiled among the key contributors to the Agreement in Profiles of Paris.

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Jaemin Kwon
S&P Global
Korea Country Head

Country Manager for Korean of S&P Global Ratings

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Jaejin Lee
Central America Bank for Economic Integration (CABEI)
Head of Korea Office

Ms. Jaejin Lee has been appointed as the Representative of Office in Korea as of June 2024 for the Central American Bank for Economic Integration (“CABEI”). Her major responsibilities in Korea office are facilitation of mobilization for concessional financing and to promote business opportunities to the Korean corporates in Central American market. Prior to her current role, she led the Social Support Foundation Fund for three years in the CABEI Headquarter in Honduras. She is responsible for raising and managing donor funds from bilateral donors and the private sector and promote projects of high social nature that accelerate the development process in the Central American region.

She has more than fourteen years of work experience in financial institutions where she worked in two MDBs including European Bank for Reconstruction and Development (“EBRD”), and International Finance Corporation (“IFC”), a part of the World Bank Group.

At IFC, she worked in Seoul office as an Investment Officer in developing and identifying potential investment opportunities for cross-border transactions for Korean sponsors in the various industry sectors including Manufacturing, Agribusiness, Services. She also participated in executing projects for Korean companies investing in the emerging markets in South East Asia. Prior to that, she worked in London headquarter at EBRD investing in the private sector focusing on agribusiness in Eastern European countries, including Ukraine, North African countries, as well as Central Asian countries. She was responsible for leading debt projects through investment committee approval and transaction signing where she executed over US$ 300m in transaction volume including 15 transactions.
She started her career in an investment bank at Macquarie Capital as an analyst. Jaejin holds a bachelor’s degree in Psychology from the University of Michigan, Ann Arbor and holds a master’s degree in Finance from the London School of Economics

About Global Green Growth Institute (GGGI)

The Global Green Growth Institute (GGGI) was founded as a treaty-based international, inter-governmental organization in 2012 at the United Nations Conference on Sustainable Development.

GGGI’s vision is a low-carbon resilient world of strong, inclusive, and sustainable growth. GGGI supports its Member States in transitioning their economies towards green growth model that simultaneously achieve poverty reduction, social inclusion, environmental sustainability, and economic growth. GGGI’s work contributes to its Members’ efforts to deliver on the Sustainable Development Goals and the Nationally Determined Contributions to the Paris Agreement. GGGI partners with stakeholders to develop innovative green growth solutions, project financing and investments, and share knowledge and lessons learned.
  • globalgreengrowthweek@gggi.org

The Fourth International Conference on Financing for Development (FFD4) adopted an ambitious global financing framework to close the $4 trillion annual SDG financing gap, reform the international financial architecture, scale up domestic resource mobilization, and catalyze climate and biodiversity finance. Building on these commitments, this session focuses on actionable pathways to accelerate financial flows toward NDC, SDG, and biodiversity goals, leveraging GGGI’s track record of mobilizing USD 14.5 billion since 2015 and operating in 50+ countries.

The session convenes policymakers, development banks, private financiers, and innovators to translate FFD4’s calls to action into practical solutions. Discussions will explore how to unlock subnational finance, embed climate and nature resilience in infrastructure, and integrate debt, climate, and biodiversity finance solutions for countries in vulnerable situations.

The Sustainable Finance session is structured into three thematic panels:

  1. Unlocking Subnational Financing: scaling domestic resource mobilization and strengthening subnational finance are critical to delivering essential public services and advancing the NDCs and SDGs. This panel focuses on how local governments and quasi-sovereign entities, such as national development banks (NDBs), can drive climate-aligned investments at scale.

Participants will examine innovative ways to diversify local revenue streams, such as municipal bonds and thematic bonds (green, SDG, resilience), while leveraging NDBs to channel finance into priority sectors. The discussion will explore enabling conditions – robust regulatory frameworks, credit enhancement, digital platforms, and capacity development – that empower subnational actors to mobilize resources for climate, biodiversity, and inclusive development outcomes. By highlighting successful examples and tools, the session will identify concrete steps to strengthen domestic financial ecosystems and accelerate investment flows to local communities.

  1. Climate Resilient Infrastructure: Infrastructure remains a backbone of economic growth but is increasingly exposed to climate shocks and biodiversity loss. FFD4 reaffirmed the importance of building “quality, reliable, resilient, and sustainable infrastructure” and integrating climate and nature considerations into investment frameworks.

This panel explores how infrastructure finance can shift from business-as-usual to climate-resilient, nature-positive, and socially inclusive approaches. It will spotlight models where public–private partnerships (PPPs) and blended finance instruments integrate nature-based solutions, resilience standards, and inclusive planning from design through delivery. Case studies will demonstrate how digital and AI-driven asset management tools enhance lifecycle planning and resilience monitoring. Participants will discuss actionable pathways for embedding resilience into procurement, capital mobilization, and risk-sharing frameworks, ensuring infrastructure not only withstands climate impacts but also delivers lasting ecological and social co-benefits.

  1. Integrating Climate, Biodiversity, and Sovereign Debt Solutions: Developing countries are increasingly trapped in a reinforcing cycle of climate vulnerability, biodiversity loss, and unsustainable debt. With over 50 developing countries spending more than 10% of revenues on debt interest, fiscal space for climate and nature goals is shrinking, just as trillions are needed annually to meet global targets.

This panel examines how sovereign debt strategies can be aligned with climate and biodiversity goals, drawing lessons from recent transactions and emerging innovations. The discussion will explore mechanisms to link debt relief with ecosystem protection and community resilience, and how technology, including AI-powered tools, can enhance transparency and impact monitoring. By connecting debt sustainability with environmental outcomes, participants will map a forward-looking vision for integrating innovative sustainable finance instruments into the global climate and biodiversity agenda while strengthening economic resilience.

These three panels form an interconnected narrative that reflects the urgency – and opportunity – of reshaping the global financial system to meet today’s complex and overlapping challenges. By addressing financing gaps at the subnational level, embedding resilience into infrastructure, and aligning sovereign debt strategies with environmental goals, the session provides a complete framework for accelerating the shift toward sustainable, inclusive, and climate-aligned finance.

The Sustainable Finance session will offer forward-looking insights and practical solutions that advance the green growth objectives of GGGI Member States. By convening global and regional actors – including policymakers, financial institutions, and implementation partners – the session aims to catalyze new partnerships and actions to align financial flows with the Paris Agreement, the SDGs, and the Kunming-Montreal Global Biodiversity Framework.

Speaker: Array