De-risking in development finance: A short primer

Danny Cassimon and George Mavrotas

Development Finance Agenda, 2023, vol. 8, issue 7, 6-8

Abstract: As already highlighted in some of our earlier contributions in the Development Finance Agenda , the current development finance architecture relies heavily on increased crowding-in of private sector investors to move from ‘billions to trillions’ of available development finance and bridge the funding gap between what is currently available and what is needed to meet the huge current global developmental challenges in general, and the SDGs in particular (Cassimon & Mavrotas, 2021; 2022). This presumed increased presence of development financing by private actors is one of the cornerstones not only at the level of the overarching United Nations SDG ‘Financing for Development’ framework and the Addis Action Agenda, but also prominently figures in initiatives coming from Global South actors, such as the Barbados Prime Minister Mia Mottley’s ‘Bridgetown Initiative’ (Barbados, 2022), and was again underscored at the very recent ‘Summit for a New Global Pact’ meeting on 22-23 June 2023 where French President hosted a series of world leaders, in response to and including Mottley’s ideas, again aimed at (re)shaping a financing toolbox and portfolio to meet climate and other SDG-related needs.

Date: 2023
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