Representatives from public development banks around the world — from the big ones such as the World Bank and the European Investment Bank to much smaller local institutions — will gather in Cartagena, Colombia, next week for the latest installment of the Finance in Common Summit.
While much of the discussion about changing the global financial architecture has focused on the big players, particularly the World Bank, it will provide an opportunity to take stock of how some of the smaller development banks are innovating, or not. It’s also another checkpoint in the discussions around climate change and the global financial architecture ahead of this year’s upcoming major events — namely, the U.N. General Assembly, the World Bank annual meetings, and the 28th U.N. Climate Change Conference, or COP 28.
So what should Invested readers watch out for?