Tag: Blended Finance

Development finance, Private Sector, SDGs

How Blended Finance Can Plug The SDG Financing Gap

By Jean-Philippe de Schrevel, Founder and Managing Partner of Bamboo Capital Partners

This blog is part of the
OECD Private Finance for Sustainable Development Conference

Greenlight planet - Shopkeeper

We now have just 10 years to achieve the Sustainable Development Goals (SDGs). To date, the SDGs have been underfinanced. The annual financing gap to achieve the SDGs by 2030 currently sits at USD 2.5 trillion. The current approach is not working. Historically, financial institutions have focused on financing one or two SDGs in isolation, and this funding is often directed towards relatively low-risk investments. Collectively, we need to reconsider how we can realistically finance the SDGs by 2030, and this is where blended finance impact investment vehicles have an opportunity to shine.

Continue reading “How Blended Finance Can Plug The SDG Financing Gap”

Lia Beyeler1 Comment
Green bank concept
Development finance, Private Sector, SDGs

Trillions for the SDGs? Time for a rethink

By Nancy Lee, Senior Policy Fellow, Centre for Global Development, and moderator during the PF4SD Conference

In 2015, the world enthusiastically signed on to the challenge of transforming billions to trillions of dollars of private finance for the Sustainable Development Goals (SDGs). The idea was to use public and private development aid to unlock much more commercial private finance for sustainable growth and poverty reduction in developing countries. Four years later, the hoped-for trillions are nowhere in sight. In fact, we have reached the stage where we need to decide whether to change the goals we set in 2015 or take a hard, critical look at the institutions we rely on to propel mobilisation of private finance for sustainable development.

Continue reading “Trillions for the SDGs? Time for a rethink”
Lia Beyeler3 Comments
Development finance, SDGs

Reflections on scaling up financing for development

By Charlotte Petri Gornitzka, Chair of the OECD Development Assistance Committee

Blended Finance Watering CanSpending last week at the World Economic Forum in Davos and today in the Private Finance for Sustainable Development conference, my head is spinning with financing for development issues.

Chairing the OECD Development Assistance Committee (DAC), I often find myself reminding members to uphold their aid levels and to use their public finance resources to stimulate private capital for sustainable development.

It’s a balancing act. Governments risk being accused of shying away from commitments when we talk too much about the “innovative financing tools” and about involving the private sector for development outcomes. It is true that upholding aid levels and directing them to countries most in need will continue to be important to leave no one behind. However, OECD countries must continue to move from talking to taking action when it comes to stimulating private finance.

Why? Faced with an estimated USD 2-3 trillion annual funding gap for achieving the Sustainable Development Goals, public or philanthropic capital will be able to meet only half of it; opportunities for the private sector, thus, are significant.

Continue reading “Reflections on scaling up financing for development”

Lia Beyeler