Green finance compact targets climate resilience across 84 nations
The Alliance for Financial Inclusion opened its 2026 Global Policy Forum in Papua New Guinea to advance the Inclusive Green Finance Global Compact. The meeting convenes 90 central banks and financial institutions from 84 countries to address climate risks and digital transformation.
From access to climate resilience
The Alliance for Financial Inclusion (AFI), co-hosted by the Bank of Papua New Guinea, opened its 2026 Global Policy Forum around the theme “Resilient Economies, Inclusive Future.”
The assembly, representing 90 institutions across 84 countries, prioritizes the Inclusive Green Finance Global Compact to mobilize financing for climate-vulnerable and frontier economies.
Discussions focus on how digital public infrastructure, artificial intelligence and demographic shifts intersect with financial stability.
Delegates also highlight strategies for Small Island Developing States to maintain correspondent banking relationships and overcome severe connectivity barriers.
A decade of gender-focused finance
The gathering marks ten years since the adoption of the Denarau Action Plan, which established gender-inclusive finance as a core network priority.
AFI leadership stressed that women's economic empowerment now requires enhanced data collection and dedicated regulatory frameworks rather than basic account access alone.
Founded nearly 20 years ago, AFI operates as a country-led peer-learning network designed to translate shared commitments into national supervisory reforms across emerging markets.
Pledges face execution test
Expanding inclusion into green finance reflects real risks, yet broader mandates risk diluting supervisory focus.
Member central banks must turn high-level compacts into enforceable rules rather than voluntary pledges.
Without strict local execution, collective forums achieve little beyond diplomatic alignment.