Leveraging private finance for sustainable development
Vatcharin Sirimaneetham
No PB71, MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)
Abstract:
Achieving the Sustainable Development Goals (SDGs) will require a substantial increase in financial investments. For all developing countries worldwide, it is estimated that investment requirements to achieve SDGs would need to increase by $2.5 trillion per year during the period 2015-2030, based on the annual investment needs of about $3.9 trillion and current spending at $1.4 trillion. Studies that are focused only on infrastructure also suggest that the amount of required financial investments far exceeds the prevailing trends. For example, the infrastructure investment needs in a group of 26 Asia-Pacific least developed countries, landlocked developing countries and small island developing States are estimated at 10.5 per cent of GDP on average per year during the period 2016-2030, which exceeds their current infrastructure spending trend of 4-7.5 per cent of GDP.
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:unt:pbmpdd:pb71
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