The first meeting between the Union for the Mediterranean (UfM) and FC4S took place on 15th April of 2021, organized by BCFE4S and with the cooperation of the Tanja Foundation. At this meeting, in the first place, UfM (Union for the Mediterranean) set out its objectives, its Africa-Europe cooperation and its sustainability policies. Then, FC4S outlined its goals, members, and regional nodes. Subsequently, a debate was opened in which an action plan for the development of sustainable finance in the Mediterranean area was proposed with possibilities for cooperation between the UfM and FC4S. Finally, the next steps for a sustainable financing initiative in the Mediterranean were considered.