Putting ‘stupid money’ to good causes

Over-exuberance of capital should be directed towards the world’s least-developed countries, writes the UNCDF's global programme manager Jaffer Machano

In the era of superabundant capital, deploying a tiny
percentage towards bankable investments in the world’s
least developed countries should be a no-brainer.

If we are to have any chance at achieving the United Nations’ Sustainable Development Goals (SDGs) by 2030, there is a profound need to fund commercial-worthy development opportunities.

At the same time, those in the development finance space who are eager to make such deals a reality – including myself and my colleagues at the UN Capital Development Fund (UNCDF) – are being asked to work with a global social development assistance pool of just under $153bn (£116bn) – the 2019 contributions from the OECD’s Development Assistance Committee. To
understand why this figure is so challenging and troubling, let’s take a look at some other transactions.

To read the full article from the UNCDF’s Jaffer Machano view ESG Clarity’s digital magazine for November 2020 by clicking here.


Natalie Kenway

Natalie is editor in chief at MA Financial covering ESG Clarity, Portfolio Adviser and International Adviser. She was previously global head of ESG insight for ESG Clarity and has been an investment journalist...