Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release

Press Release

'Move the Money': Civil Society Groups Call on Public Banks to Support People and the Planet

Actions in Africa, Latin America, Asia and Europe ahead of the Finance in Common Summit draw attention to the role of development banks to finance a Just Recovery.
WASHINGTON -

This week, 450 public development banks and financial institutions that control approximately $2 trillion in public money all over the globe are gathered for the first time to discuss actions to ensure a just recovery from Covid-19 and towards a transition to better and more sustainable economic systems for all. First global event of its kind, the Finance in Common Summit (FiC) aims to get commitments from participating banks to align their policies with climate, sustainable development and biodiversity goals.

To draw attention to the need for development banks to lead the way and direct public money to a truly healthy, equitable, sustainable and just recovery, actions will be taking place in all corners of the globe during the week. 

Photos and videos will be available after the events HERE.

Key Activities:

NIGERIA

  • On 9th November, civil society groups in Abuja, Nigeria will hand over a joint civil society letter to the African Development Bank (AfDB) asking the finance institution to divest from fossil fuels and increase funding to renewables across Africa. 
  • More information: Joseph Ibrahim, GIFSEP Spokesperson, joeibro1991@gmail.com, +234 803 057 2221; and Robert Magori, Communications Manager at 350Africa.org, robert.magori@350.org, +254 721 525 344.

PHILIPPINES

  • On Tuesday 10th, 350.org and allies will assemble a portable solar power generator and donate it to an impacted community who are suffering from power outages due to Super Typhoon Goni. They will do a photo-opportunity in Manila, with hologram fans that will create light banners, with messages calling on Asian development banks to put public money towards achieving a Just Recovery post-Covid19 and the climate crisis. 
  • More information: Chuck Baclagon, Finance Campaigner at 350.org Asia, chuck@350.org, +63 9272412743; and Nicole Han, Communications Manager at 350.org Asia and Pacific, nicole.han@350.org, +65 9828 1538. 

FRANCE

  • On Thursday 12th at 9:30am local time, 350.org and allies will open 4 giant banners (20m long) on different bridges in Paris, next to the main French public financial institutions. The banners contain the messages: "Save billions of lives: fund people not climate criminals"; "Destroying our lungs, our lands, flooding our communities/ Exxon, BP, Gazprom, Shell, Total & Eni: Make Them Pay"; "Human Rights are also obligations - do your diligence"; and "Rich countries' environmental debt: the only legitimate debt". 
  • More information: Clémence Dubois, France Team Leader at 350.orgclemence@350.org, +33642713175; and Melanie Mattauch, Associate Director of Communications at 350.org Europe, melanie@350.org, +49 176 4703 9315. 

BRAZIL

  • On Thursday 12th at 10am local time, 350.org and partners will do a creative action in Rio de Janeiro, demanding that the Brazilian Development Bank (BNDES) stop financing fossil fuels and put its billions of BRL in renewable and just energy.
  • More information: Ilan Zugman, Interim Managing Director 350.org Latin America, ilan.zugman@350.org, +55 (41) 995192795; and Peri Dias, Communications Manager at 350.org Latin America, peri.dias@350.org, +591 7899 2202.

###

350.org Logo

350 is building a future that's just, prosperous, equitable and safe from the effects of the climate crisis. We're an international movement of ordinary people working to end the age of fossil fuels and build a world of community-led renewable energy for all.

Rich Nations' Vaccine Pledge Includes Just 613 Million New Doses—Well Short of Promised 1 Billion

"A single factory could produce this number in a year if you waived patents."

Jake Johnson, staff writer ·


Ocasio-Cortez Says 'Elephant in the Room' Is Senate Democrats Blocking Their Own Party's Agenda

"The argument that we need to make here," the New York Democrat said of bipartisanship's dead end, "is that it's worth going it alone if we can do more for working people in this country."

Jon Queally, staff writer ·


On Climate and Covid-19 Emergencies, G7 Judged a 'Colossal Failure' for All the World to See

"Never in the history of the G7 has there been a bigger gap between their actions and the needs of the world. In the face of these challenges the G7 have chosen to cook the books on vaccines and continue to cook the planet."

Jon Queally, staff writer ·


NYC Mayoral Candidate Eric Adams Rebuked for 'Dangerous' 400-Students-to-1-Teacher Theory

"Defunding schools to the point that we have a 400:1 student-to-teacher ratio so we can bankroll another huge expansion in an already-multibillion dollar police budget," said Rep. Ocasio-Cortez, "is how you build a school-to-prison pipeline."

Jon Queally, staff writer ·


Lack of Patent Waiver Would Add Over $70 Billion to Cost of Vaccinating World: Oxfam

Most of that money, said a spokesperson for the group, "will go directly into the pockets" of Big Pharma shareholders.

Jon Queally, staff writer ·