Financing the Sustainable Development Agenda Goals: Role and Challenges for the Private Sector and DFI

Financing the Sustainable Development Agenda Goals: Role and Challenges for the Private Sector and DFI

Bernardo Ivo-Cruz, Sónia Ribeiro
ISBN13: 9781522598855|ISBN10: 1522598855|ISBN13 Softcover: 9781522598862|EISBN13: 9781522598879
DOI: 10.4018/978-1-5225-9885-5.ch004
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MLA

Ivo-Cruz, Bernardo, and Sónia Ribeiro. "Financing the Sustainable Development Agenda Goals: Role and Challenges for the Private Sector and DFI." Mapping, Managing, and Crafting Sustainable Business Strategies for the Circular Economy, edited by Susana Serrano Rodrigues, et al., IGI Global, 2020, pp. 57-71. https://doi.org/10.4018/978-1-5225-9885-5.ch004

APA

Ivo-Cruz, B. & Ribeiro, S. (2020). Financing the Sustainable Development Agenda Goals: Role and Challenges for the Private Sector and DFI. In S. Rodrigues, P. Almeida, & N. Almeida (Eds.), Mapping, Managing, and Crafting Sustainable Business Strategies for the Circular Economy (pp. 57-71). IGI Global. https://doi.org/10.4018/978-1-5225-9885-5.ch004

Chicago

Ivo-Cruz, Bernardo, and Sónia Ribeiro. "Financing the Sustainable Development Agenda Goals: Role and Challenges for the Private Sector and DFI." In Mapping, Managing, and Crafting Sustainable Business Strategies for the Circular Economy, edited by Susana Serrano Rodrigues, Paulo Jorge Almeida, and Nuno Miguel Castaheira Almeida, 57-71. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-5225-9885-5.ch004

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Abstract

The 2030 Agenda is comprehensive, universal, and ambitious. To reach its goals, the world needs to invest US$5 to 7 trillion/year. To finance it, the private sector must be involved. This chapter considers the motivations of business and corporations to incorporate the SDG in their investment agenda and the role DFIs can play in providing financing to their projects. It acknowledges that the private sector is a key element for long-term sustainable development and highlights the difficulties of DFI in assessing impact in risk analysis and therefore financing private investments for sustainable development. Finally, it finds that the international community and developing countries need to work together to improve the business environment on those countries, and concludes that the international community and the banking system do not know how to assess the role and impact of business and corporations projects in the agenda, and that the risk mitigation policy does not consider the nature of DFIs. Looking into the future, the authors present future research topics needed on this subject.

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