Sharm El Sheikh Accord: Financial Inclusion, Climate Change and Green Finance

Climate change deepens financial exclusion and is one the greatest threats to financial stability and poverty alleviation with developing and emerging countries – AFI’s member base – being more vulnerable to its impacts.

Turning the desire to act into action, AFI members developed and adopted the Sharm El Sheikh Accord on Financial Inclusion, Climate Change and Green Finance in 2017. Endorsed by 94 percent of the AFI network, it commits members to identify, understand and implement financial inclusion policy solutions that also have positive outcomes for the environment, focusing on communities that are most vulnerable to climate change.

Furthering these aims, AFI established an inclusive green finance team to focus on financial sector policies that bring individuals and micro, small and medium enterprises (MSMEs) into mitigation efforts and builds their resilience to climate change impacts.

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