4291. Updating the DFIs’ Operating Models and Methods Towards Helping to Achieve the 2030 Agenda for Sustainable Development
- Author:
- Franque Grimard and Christian Novak
- Publication Date:
- 12-2019
- Content Type:
- Policy Brief
- Institution:
- Institute for the Study of International Development, McGill University
- Abstract:
- Development financial institutions, especially their private sector windows, must play a more effective role in contributing to achieve the 2030 Agenda. In order to achieve such higher needed effectiveness, DFIs must update their operating models and methods, and the most recently launched DFIs, like FinDev Canada, must widely adopt a modernized approach towards development financing. In this regard, we recommend that DFIs: • Increase mobilization volumes of private capital. • Widen the offering of financial products and structures with high financial additionality. • Maximize their investment potential. We believe that the implementation of the specific recommendations presented in this Policy Brief would significantly contribute to the necessary actions to achieve the 2030 Agenda. However, accomplishing the SDGs is not only dependent on the adaptation of DFIs, but also on complementary effective actions from countries, the international financial system and the private sector, in addition to collaboration among all stakeholders.
- Topic:
- Development, United Nations, Finance, and Sustainable Development Goals
- Political Geography:
- Global Focus