Public Banks Drive Green Transition Through Innovative Export Finance Strategies

Brussels, November 30 – The recently concluded high-level event by the European Association of Public Banks (EAPB) on public import/export financing for a sustainable transition marked a significant milestone in highlighting the pivotal role of public banks in steering the global economy towards sustainability. As major providers of export finance, public banks, demonstrated a steadfast commitment to facilitating significant green and sustainable investments, aligning with the objectives of the European Green Deal, with the aim of accelerating and enabling change, innovation, and growth.

Distinguished high-level decision makers, including Mr. Ulrik Vestergaard Knudsen, OECD Deputy Secretary-General, and Mr. Antonio Fernández-Martos, Head of Unit, Multilateral Affairs and WTO, DG Trade, led a dynamic panel discussion at the conference. They were joined by Mr. Philippe Mills, CEO of SFIL, France, and Piotr Jablonski, Managing Director at BGK, Poland, who emphasized the successful convergence of regulators and export financers. The discussion focused on addressing regulatory and financial architecture gaps, highlighting the crucial role of public banks in financing and mitigating financial risks, while championing green exports and investments.

Public banks demonstrated their adaptability in response to the evolving global financial landscape. Assessing the impact of current geopolitical tensions on trade, green growth, and the demand for export insurance and credits in light of inflation has become crucial. Public banks are actively engaged in evaluating the effects of geopolitical tensions on their products and services. The collaborative efforts highlighted at the conference underscored a shared vision for a seamless transition towards a more sustainable future.

Selected pictures of the event are accessible here