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COP29: mobilizing sovereign wealth funds for a sustainable future

COP29: mobilizing sovereign wealth funds for a sustainable future

COP29: mobilizing sovereign wealth funds for a sustainable future

From November 11 to 17, 2024, the ๐—™๐—ข๐—ก๐—ฆ๐—œ๐—ฆ took part in the 29แต‰ Conference of the Parties on Climate (@COP29_AZ), organisรฉe par l’ONU, ร  Bakou (Azerbaรฏdjan). Le Directeur Gรฉnรฉral du ๐—™๐—ข๐—ก๐—ฆ๐—œ๐—ฆ a participรฉ au panel sur lโ€™impact des fonds souverains dans la mobilisation de financements pour les Objectifs de Dรฉveloppement Durable (#ODD). Alongside leaders from development finance institutions, impact funds and sovereign wealth funds, he presented the strategic role of ๐—™๐—ข๐—ก๐—ฆ๐—œ๐—ฆ in sustainable development initiatives in Senegal. As a member of The International Forum of Sovereign Wealth Funds ( IFSWF), ๐—™๐—ข๐—ก๐—ฆ๐—œ๐—ฆ also took part in a roundtable organized by the Sovereign Fund of Azerbaijan (@SOFAZOfficial), focusing on financing the energy transition.

At panels held in the Senegal pavilion, the ๐—™๐—ข๐—ก๐—ฆ๐—œ๐—ฆ highlighted its climate finance initiatives in Senegal, including investments in solar power plants, BRT, the PSP pilot project and the upcoming launch of a dedicated renewable energy financing vehicle.

ABOUT FONSIS

The Strategic Investment Fund of Senegal (FONSIS SA.) was created by Law 2012-34 adopted on 27 December 2012. It adheres to the Santiago Principles which govern the operation of the largest international sovereign wealth funds of member countries of the International Monetary Fund (IMF).

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