The Global Investors for Sustainable Development (GISD) Alliance, supported by the United Nations Department of Economic and Social Affairs, together with the Swedish International Development Cooperation Agency (Sida) and the United Nations Foundation, held a side event during the World Bank Group and International Monetary Fund 2023 Spring Meetings on "Enhancing the Role of MDBs in Catalyzing Private Finance and Investment."
The event convened stakeholders from donor governments, international organisations, multilateral development banks, and the private sector for a frank discussion on the actions that need to be taken by MDBs and DFIs to enhance private capital mobilization. Participants agreed that partnership between all actors need to be further strengthened. Consultations of key actors within these sectors (co-hosted by the United Nations and the World Bank) were proposed to advance the agenda. The GISD Alliance has developed recommendations for MDBs and DFIs on how to enhance private capital mobilization that can serve as the basis for further discussions.
In addition, participants identified several key areas for follow-up action by MDBs and the private sector to enhance private capital mobilization for the Sustainable Development Goals, including: better risk-sharing instruments, protection from currency risks, strong pipelines of projects, and access to quality data.
A recording of the event can be viewed here.