In 2015, the world enthusiastically signed on to the challenge of transforming billions to trillions of dollars of private finance for the Sustainable Development Goals (SDGs). The idea was to use public and private development aid to unlock much more commercial private finance for sustainable growth and poverty reduction in developing countries. Four years later, the hoped-for trillions are nowhere in sight. In fact, we have reached the stage where we need to decide whether to change the goals we set in 2015 or take a hard, critical look at the institutions we rely on to propel mobilisation of private finance for sustainable development.
Read here the contribution of Nancy Lee, Senior Policy Fellow at the Centre for Global Development to this debate on rethinking the SDG’s: https://oecd-development-matters.org/2019/01/17/trillions-for-the-sdgs-time-for-a-rethink/