Closing the SDG Financing Gap : Trends and Data
How big is the financing gap to achieve the 2030 sustainable development goals (SDGs)? Can private capital fill the gap? This note provides an updated overview of estimates of SDG financing in low- and middle-income countries and gives an analytica...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/738131573041414269/Closing-the-SDG-Financing-Gap-Trends-and-Data http://hdl.handle.net/10986/32654 |
| Summary: | How big is the financing gap to achieve
the 2030 sustainable development goals (SDGs)? Can private
capital fill the gap? This note provides an updated overview
of estimates of SDG financing in low- and middle-income
countries and gives an analytical and data-based foundation
for discussion. Based on a review of recent studies, as well
as International Finance Corporation (IFC’s) own
calculations of cross-border flow trends, the note documents
the ongoing and significant SDG financing gap. Raising taxes
to expand public spending is an option for many
middle-income countries to fill the gap, but it will be
insufficient for low-income countries. Private financing,
especially of infrastructure, can also contribute to
bridging the gap, but it will depend on the availability of
investable projects. Capital market development and improved
domestic financial systems can help intermediate more
private capital into available investment opportunities. |
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