Mustering the private sector for development and climate in the Global South. Is it realistic? WP323

Philippe Le Houérou and Hans Peter Lankes
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Philippe Le Houérou: AFD - Agence française de développement, FERDI - Fondation pour les Etudes et Recherches sur le Développement International
Hans Peter Lankes: Grantham Research Institute on Climate Change and the Environment - LSE - London School of Economics and Political Science

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Abstract: The 2015 Addis Ababa "Billions to Trillions" initiative called for stepped-up private sector investments and financial flows in developing countries. But instead of closing, the "trillion" dollar gap between development and climate needs, and the actual flows continues to widen. Was it a fairy tale? What is certain is that the current operating model of the aid agencies and the development finance institutions, is not helping to crowd-in private flows at the necessary scale. The paper reviews the evidence and highlights what needs to change and how to do it.

Date: 2023-05-07
New Economics Papers: this item is included in nep-env and nep-fdg
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