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.