Sustainable international financing scheme

Q. ‘Sustainable international financing scheme’, is associated with which global association? Answer: [A] G 20 Notes: A 2-day G20 Finance Ministers and Central Bank Governors (FMCBG) meeting was held in Jakarta which was hosted by Indonesia. India was represented by Union Finance Minister Nirmala Sitharaman. During the meeting, G20 nations sought for a sustainable international financing scheme, aimed to protect countries against future pandemic and reduce gaps in the health systems in the member countries. 12 This question is part of Current Affairs Daily 20 MCQ Series Course on GKToday Android app.

The Commission has today put forward a new package of measures to build on and strengthen the foundations of the EU sustainable finance framework. The aim of today’s package therefore is to ensure that the EU sustainable finance framework continues to support companies and the financial sector, while encouraging the private funding of transition projects and technologies. Specifically, the Commission is today adding additional activities to the EU Taxonomy and proposing new rules for Environmental, Social and Governance (ESG) rating providers, which will increase transparency on the market for sustainable investments. The package aims to ensure that the sustainable finance framework works for companies that want to invest in their transition to sustainability. It aims also to make the sustainable finance framework easier to use, thereby continuing to contribute effectively to the European Green Deal objectives. Press release • • • • Sustainable finance package related documents • • • Regulation on the transparency and integrity of Environmental, Social and Governance ESG ratings play an important role in the EU sustainable finance market as they provide information to investors and financial institutions regarding, for example, investment strategies and risk management on ESG factors. Today, the ESG ratings market currently suffers from a lack of transparency and the Commission is proposing a Regulation to improve the reliability and transparency of ESG ratings activities....

Developing a new wave of financing strategies and creating market opportunities for scaling up SDG investment. The Fund supports countries in advancing the Agenda 2030 by helping to reinforce their SDG financing ecosystem and catalyzing strategic investments that unlock public and private capital towards the Global Goals. OUR STRATEGY COVID-19 has disrupted economic and societal patterns in ways unseen in our lifetime. If progress toward the SDGs was already falling short before COVID-19, vulnerabilities and inequalities have now been further exacerbated. Securing enough resources remains a major challenge, with developing countries facing a growing financing gap estimated at US$ 4.2 trillion per year. Capital and wealth, mostly private, do not or cannot reach the geographies and people that need it the most. This is despite the world has theoretically never been as rich as it is today. Achieving the Agenda 2030 demands policy shifts and a major realignment investment decisions by countries, companies, and individuals. The Joint SDG Fund activates financing levers as accelerators for the achievement of the SDGs. With 79 SDG Financing joint programmes we forge paths and partnerships to unlock capital under the: • Enabling Environment for SDG Financing portfolio: a new wave of SDG-aligned financing strategies –the Integrated National Financing Frameworks– is co-created in 80 countries. We help countries define the financing behind their development priorities, encompassing o...

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We finance government programs to support achievement of country development objectives, and support policy and institutional reforms of national and subnational governments by providing budget financing and global expertise. We also finance public projects to build physical and social infrastructure, and develop institutional capacity. Types of Financing: Investment Project Financingprovides financing to governments for activities that create the physical/social infrastructure necessary to reduce poverty and create sustainable development. Development Policy Financingprovides budget support to governments or a political subdivision for a program of policy and institutional actions to help achieve sustainable, shared growth and poverty reduction. Program-for-Resultslinks disbursement of World Bank funds directly to the delivery of defined results, helping countries improve the design and implementation of their own development programs and achieve lasting results by strengthening institutions, enhancing systems, and building capacity. Additional Modalities: Private sector optionsfor financing, direct investment and guarantees are provided by MIGA and IFC. Customized options and risk managementAvailable in the Treasury website.