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MDBs Present Their Working Group’s Emerging Shared Vision For Circular Economy At WCEF 2024
Business
The shared vision was unveiled at a session titled "Shaping a global vision for circular finance" which saw Directors from the MDBs emphasise the critical role of MDB support to clients in facilitating the uptake of circular economy approaches.
The MDBs recognised that circularity is important to achieving sustainable and just development in the 21st century.
Working together for more circularity, the MDB Working Group will continue to:
- Strengthen internal capacity to continue our demand-based support to circular economy approaches, both within our lending and our advisory activities.
- Explore and share methodologies to demonstrate how circular solutions can generate economic value while fostering a just and inclusive sustainable development.
- Enhance resource efficiency considerations within our operations across sectors.
- Facilitate the exchange of knowledge with the private sector, civil society, and local, regional, and national authorities.