Language:
English
Pages:
1 Online-Ressource
Series Statement:
Equitable Growth, Finance and Institutions Insight
Keywords:
Capital Markets and Capital Flows
;
Decent Work and Economic Growth
;
Finance and Development
;
Finance and Financial Sector Development
;
Finance and Growth
;
Investment and Investment Climate
;
Investments
;
Macroeconomics and Economic Growth
;
Peace, Justice and Strong Institutions
;
Pension Funds
;
SDG 16
;
SDG 8
;
Social Funds and Pensions
;
Social Protections and Labor
;
Strong Governance
;
Sustainable Development Goals
Abstract:
There is a significant gap in financing sustainable development in emerging economies to meet the climate commitments under the Paris Agreement and to fulfill the Sustainable Development Goals (SDGs). The Organization for Economic Co-operation and Development (OECD) estimates that more than USD 4 trillion of financing is needed annually. While much of the capital required will come from OECD-country sources, which hold 80% of worldwide financial assets, there is an untapped pool of local investments to be drawn on. This paper offers three practical directions for policymakers in order to make the promise of local investors contributing to sustainable development a reality. While this level of focus will require concerted effort to implement, it increases the opportunity for local investors to play a crucial role in closing the financing gap
