4P Eminent Persons Group on Barriers to Investment in EMDEs (4P EPG)

• Ahead of and during COP30 in Belém, the 4P EPG began to be referenced as a key actor in the global prudential-reform debate:

  • The International High-Level Expert Group on Climate Finance (IHLEG) explicitly flagged the new 4P EPG as examining whether prudential rules unintentionally constrain capital flows to EMDEs and feeding its work into the G20, the Baku-to-Belém Roadmap and the Circle of Finance Ministers.

  • A CETEx/LSE discussion paper and commentary on “bridging the $1.3 trillion climate finance gap” cited the 4P EPG as one of the expert groups aligning around a shared agenda to fix prudential disincentives and unlock climate capital for EMDEs.

• In 4P communications around COP30 and the Baku-to-Belém Roadmap, the EPG is consistently presented as the prudential-regulation pillar of the 4P architecture, complementing coalitions on debt, vulnerability and solidarity levies

During the IMF–World Bank Annual Meetings in Washington, the 4P Secretariat convened the members of the EPG to advance work on examining barriers to investment in EMDEs, with a particular focus on possible unintended effects of bank and insurance prudential rules.

Together with E3G and CETEx, the 4P Secreatariat also co-hosted a discussion on unintended barriers to EMDE investment from prudential regulations, helping refine the problem framing and gather input for the EPG’s analytical work.

• During UNGA80 in New York, the 4P Secretariat convened a high-level roundtable specifically to support the work of the 4P EPG, co-hosted with E3G. 

• The discussion gathered Brazilian, multilateral, regulatory and private-sector voices (e.g. Tatiana Rosito, Amar Bhattacharya, José Viñals, Liliana Rojas-Suarez, Christian Deseglise, Luiz Pereira da Silva, ACPR/Bank of France, ICC, Finance for Development Lab, ICS) to bring fresh evidence on prudential barriers and potential reform pathways.

• This acted as the first major external consultation around the EPG’s mandate, and de facto the initial step toward the broader Consultative Group foreseen in the roadmap.