This report, led by the International Finance Corporation and the UNEP Inquiry into the Design of a Sustainable Financial System, aims to promote inclusive green investment in Kenya. It focuses on policy, structural, and investment innovations across the economy and financial sector that would increase capital flows that support sustainable development.
It looks at the main barriers to inclusive green investment and suggests options to promote inclusive green investment in Kenya, which include: developing cohesive, market-wide policy and regulation; effective enforcement of the market-led Sustainable Finance Principles in the banking; consolidating the pension and insurance sectors; providing structured market support to develop institutional investment vehicles; addressing gaps in existing environmental and social regulation; aligning foreign direct investment (FDI) objectives with the green growth agenda.
At the World Economic Forum Annual Meeting 2013 in Davos-Klosters, three leading economic voices – the presidents of the International Monetary Fund and the World Bank and the Secretary-General of the Organisation for Economic Co-operation and Development – delivered the troubling message that it
Green finance is a strategy for financial sector and broader sustainable development that is relevant around the world. But the context differs considerably for different countries.