International institutions will play a key role in the Global Partnership:

  • The United Nations, of course, has a central normative and convening role, and can join partnerships through its development funds, programmes and specialised agencies.
  • International financial institutions can compensate for the market’s failures to supply long-term finance for sustainable projects in low- and middle-income countries, but they need to be more innovative, flexible and nimble in the way they operate.
  • The Panel noted the huge potential to use public money to catalyse and scale up private financing for sustainable development. For example, only 2 per cent of the $5 trillion in sovereign wealth fund assets has so far been invested in sustainable development projects

Source: Report of the High-Level Panel on the Post-2015 Development Agenda (May 2013).


The Fringes

Add a New Comment