Our Chair at the Finance in Common G7 Special Event
Isabelle Lessedjina joined the panel on financial instruments to lower the cost of capital, in France.

The constraint is not capital
The panel addressed one of the most persistent tensions in development finance. The constraint is not a lack of capital. It is how risk is structured, shared and priced.
On the panel
Lori Kerr, Chief Executive Officer, FinDev Canada
Ilan Goldfajn, President, Inter-American Development Bank
Makhtar Diop, Managing Director, International Finance Corporation
Ambroise Fayolle, Vice President, European Investment Bank
Daniel M. Best, Hun Kim, Antón Leis García and Olola Vieyra contributed from the audience.
Key takeaways
Co-financing and coordination accelerate delivery. No single institution can do this alone, and mutual reliance is a feature, not a weakness.
Capital market development is foundational. Without it, private capital mobilisation stays theoretical.
Why it matters for Defy
We build inclusive finance with partners and investors who share this conviction. The systems we design today determine who gets served tomorrow.
If your organisation structures solutions that deliver at scale, we would welcome the conversation.
About Finance in Common
Finance in Common is the global network of public development banks. It brings together 536 institutions across 155 countries to strengthen partnerships and promote sustainable finance.
