Multilateral Development Banks present their Working Group’s emerging shared vision for circular economy at WCEF 2024

[Brussels, 15 April 2024] - During the World Circular Economy Forum (WCEF) 2024, Multilateral Development Banks (MDBs) presented their Circular Economy Working Group’s emerging shared vision on the role of MDBs in supporting circular economy. 

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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.

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Working together for more circularity, the MDB Working Group will continue to: 
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• Strengthen internal capacity to continue their demand-based support to circular economy approaches, both within their lending and their 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 their operations across sectors.
• Facilitate the exchange of knowledge with the private sector, civil society, and local, regional, and national authorities.

About WCEF

The annual World Circular Economy Forum (WCEF) presents the world’s leading circular economy solutions with business leaders, policymakers and experts participating from around the world. Circular economy approaches can help businesses seize new opportunities and gain a competitive advantage, as well as contribute to achieving the United Nations Sustainable Development Goals. WCEF2024 is organised by Sitra, the Finnish Innovation Fund, and produced with Circle Economy Foundation (programme partner) and the International Resource Panel (science partner), in close collaboration with international partner organisations.

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