In Canada, the International Civil Aviation Organization (ICAO) said that its Secretary General Juan Carlos Salazar met with senior representatives from multilateral development banks and other high-level officials in Washington D.C. on 24-25 October 2024. The discussions, held alongside the World Bank Group and International Monetary Fund (IMF) Annual Meetings, centered on leveraging ICAO’s FINVEST Hub to support sustainable aviation investments. ICAO’s FINVEST Hub was spotlighted as a pivotal platform to connect decarbonization projects with public and private investors, enhancing funding opportunities for sustainable aviation initiatives, particularly in developing states, said ICAO. The entity noted that the meetings addressed critical challenges in sustainable aviation fuel (SAF) development, including limited current production volumes, higher costs compared to conventional jet fuel, and the absence of production and supply chains in many developing regions. During his visit, the Secretary General also held individual meetings with high-level representatives of the World Bank Group, the International Monetary Fund, the European Investment Bank, the Inter-American Development Bank, as well as Airlines for America, ICAO said.
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