The debt crisis in the euro area, which intensified late last year, triggered a recession there and has had negative spillovers to many other countries, including the United States. In emerging market economies such as China, growth is moderating from the rapid pace of recent years, as exports to Europe have fallen off and domestic demand has also cooled.
The outturn is anticipated to enhance greater confidence amongst international and domestic investors, thereby boosting an enabling environment for integrated public-private financing, investments, and decision-making. Another key consideration is factoring Gender into the development of green finance initiatives as we recognise that women are amongst the most vulnerable and most affected by climate disaster events.