Strategic Partnership at the World Bank Fragility Forum
The Partnership will support the advancement of peace-enhancing and risk-adjusted investments in line with the developmental goals of the g7+ countries and other international actors.
Earlier this week, Scott Weber, President and CEO, attended the World Bank Fragility Forum alongside the VP and Head of Multilateral Engagement and Peacebuilding, Donata Garrasi. They met with lead delegates from the g7+, an Intergovernmental Organization comprising conflict-affected states that aim to promote stability and development, to codify their commitment to supporting each other’s mutual mission of using financial investments as a vector of peace. The Strategic Partnership has been signed in the presence of H.E. Kenyeh Barlay, Chair of g7+ and Minister of Planning and Economic Development of Sierra Leone.
The World Bank Fragility Forum in Washington DC was the ideal setting. The Forum brings together global stakeholders with an interest in identifying the successes and failures of developmental interventions in conflict-affected countries, directly impacting the g7+ member states.
The g7+ has ambitious development goals in place for their 2030 Agenda, but numerous limitations still exist – most notably, the lack of projects that can endure complex landscapes of intertwined risks.
The g7+ has ambitious development goals in place for their 2030 Agenda, but numerous limitations still exist – most notably, the lack of projects that can endure complex landscapes of intertwined risks. Recognizing this gap, the Partnership will support the advancement of the common vision to attract peace-enhancing and risk-adjusted investments in sectors such as food security and nutrition, youth employability, the green transition, digital and financial inclusion, and human capital.
Investments in these areas will support the peaceful development of frontier economies, enabling investors to access markets with high-potential and become agents of stability.
By addressing the root causes of fragility in the investment design, Peaceinvest supports the g7+ countries in redefining their narrative from being one of conflict and violence, to one of positive peace and economic development.
