Multilateral development banks and private sector engagement for sustainable development prepared jointly by the GPEDC MDB working group (2019).
“In 2015 the international community agreed on the 2030 Agenda for Sustainable Development, the Addis Ababa Action Agenda on Financing for Development, the Paris Agreement and the Sendai Framework for Disaster Risk Reduction. These agreements laid out an ambitious set of commitments to achieve sustainable development through inclusive economic growth, to protect the environment and ensure a healthier planet for future generations.
The Addis Ababa Action Agenda marked the beginning of a new era in development financing. Recognizing the investment gap between the resources required to achieve the Sustainable Development Goals (SDGs), which go far beyond what government budgets, tax revenues and Official Development Assistance (ODA) can provide, the Multilateral Development Banks (MDBs) were called to step up their efforts. Responding to this call, MDBs presented a joint vision to support and finance the development needs going from “billions to trillions” to make the SDGs a reality…”