On December 3, 2022, the International Finance Forum (IFF) held a leaders' dialogue, focusing on the pressing challenges facing the global economy. Executives from five major international financial institutions, including the Asian Infrastructure Investment Bank (AIIB), World Bank, and IMF, emphasized the need for deep collaboration and innovative mechanisms to address development issues.

AIIB President Jin Liqun pointed out that the current climate financing system is inadequate to meet Asia’s annual investment needs of $1.3 to $1.6 trillion. The AIIB is piloting a "risk-sharing fund" model to reduce project costs by 200-300 basis points through blended financing. World Bank Executive Vice President Victoria Kwakwa proposed a "debt-for-climate" swap agreement, resulting in an average 2.3% reduction in debt-to-GDP ratios for pilot countries, and introduced smart debt instruments that link repayment terms to economic indicators.

IMF Vice President Li Bo revealed critical data indicating that the global carbon price is only 8% of the target set by the Paris Agreement. The newly established Sustainable Development Trust has raised $24 billion, focusing on supporting developing countries in their low-carbon transitions. New Development Bank Vice President Zhou Qiangwu highlighted the issuance of 33 billion RMB in local currency bonds, exploring financing pathways in emerging markets, with a goal of using local currency for 30% of loans over the next five years.

Technological innovation emerged as a key focus, with ADB Vice President Ahmed Saeed sharing that the application of AI monitoring systems in Southeast Asian digital infrastructure projects has shortened delivery times by 22% and reduced cost overruns from 17% to 4%. The participating institutions reached a consensus on reform: establishing a dynamic capital model to increase leverage to 1:1.2, launching a Southern Countries Talent Program to raise the proportion of executives from developing countries to 40%, and creating a multilateral bank digital command center for risk prevention.

This dialogue sets the stage for the upcoming release of the "Multilateral Financial System Reform Roadmap" in April, which will systematically outline innovations in the provision of global public goods.