Berne Union Acknowledgement of the Finance in Common Joint Declaration of Public Development Banks

Berne Union acknowledges the Finance in Common Joint Declaration of Public Development Banks targeting a transformation of the global economy and societies towards sustainable and resilient development

LONDON 20th October 2021: Following its 2021 Annual General Meeting that was held in Budapest from 11th to 15th October, the Berne Union has resolved to acknowledge the common goals set by Public Development Banks worldwide under the Joint Declaration signed at the 2020 Finance in Common Summit.

The goals of the Declaration include supporting the transformation of the global economy and societies towards sustainable and resilient development, as well as contributing to the SDGs and the objectives of the Paris Agreement. The Berne Union encourages joint initiatives between Export Credit and Investment Insurers, Public Development Banks and other financial institutions which contribute to these goals, in the spirit of cooperation between finance and insurance. Berne Union President Michal Ron participated today with a speech at the 2021 Finance in Common Summit, exploring ‘new forces and ideas for an inclusive and impactful coalition’.

Full Press Release here: Berne Union Press Release Oct 2021

“Finance in Common is an important international initiative with forward-looking objectives related to climate and sustainable development. The Joint Declaration represents a decisive waypoint in the global mission to deliver a sustainable future for all and is strongly aligned with the Berne Union’s strategic priorities to address climate imperatives and promote multilateral cooperation among all segments of international finance. We are pleased to acknowledge the importance of this declaration and excited to continue exploring opportunities for cooperation with the Finance in Common Community in the coming months and years”

Berne Union President, Michal Ron