From October 21–25, 2024, over 500 global experts convened in Kathmandu, Nepal, for the International Conference on Inclusive Insurance (ICII). The event united stakeholders from 43 countries to explore pathways for accelerating the growth and viability of inclusive insurance in emerging markets. With discussions ranging from climate risk and gender-focused strategies to digital innovation and microinsurance trends, the ICII offered a vital platform to advance the agenda of inclusive insurance as a tool for economic resilience and empowerment. Inclusive Insurance: A Catalyst for Sustainable

Global Shield’s Vision for Climate Resilience In 2024, the Global Shield against Climate Risks continued its mission of addressing financial protection gaps in climate-vulnerable countries through innovative pre-arranged finance mechanisms. This G7-V20 initiative reaffirms its commitment to building resilience against climate and disaster risks, marking significant milestones and setting ambitious goals for the future. Key Achievements in 2024 Ghana’s First Drought Insurance Policy Through an inclusive, country-led process coordinated by the Global Shield Secretariat, the African Risk Capacity

In December 2024, IFC-FIG Global Sector Manager for Insurance, Housing and DARP, Florence Boupda Ngueda , attended the 2024 Africa Financial Summit in Morocco. The two-day event gathered over 1,000 financial industry leaders, including bankers, insurers, fintech representatives, capital markets experts, mobile money operators, as well as policymakers and regulators from across Africa and the world. The summit focused on addressing key challenges in the sector and fostering the growth of a more inclusive and resilient pan-African financial services industry. Key discussions during various

On 16 April 2024, Senior Representatives of the V20 Finance Ministers from the Climate Vulnerable Forum (CVF), representing 68 climate-vulnerable developing countries, during the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group. In their communique, titled " Unlocking Growth and Prosperity through Innovations in Climate Finance and Debt," called for major reforms of the international financial system to advance innovative financial strategies to drive growth and address the disproportionate impact of climate change on vulnerable developing countries. The group